NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
Strong bullish movement with NU. As previously mentioned if we sustain above 0.65 I feel we could keep pushing back to the upside, but if we get a clean break and with a strong close below 0.65 we could see some big downside movement. Too early to jump into a trade right now we need to let this develop
Nzdusdbuy
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
Having a pullback, which is expected after strong bullish movement like we have just seen. As long as we maintain above 0.65 I believe we could keep pushing up, but if we get a strong close below 0.65 we could melt to the downside. I am favoring more downside movement!
NZDUSD reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.65450 where it could potentially drop further to 0.64650.
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NZDUSD: Early Asia Session Sees Triangle BreakoutHi Traders,
Price respected key resistance at 0.6436 during the Friday session, thereby forming a barrier triangle. The Asian session has now given us the breakout we've been waiting for. We can keep buying every pullback until we reach the target at 0.65542.
Have a good one!
NZDUSD...Long (Wealth/Position Trade)This pair has reach a strong point of control and will experience a major retracement to the upside before continuing its DT.
The following are my coordinates:
BLO @ 0.6385
TP @ 0.6815
400+ pips
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BLO (Buy-Limit Order)
DT (downtrend)
TP (Take Profit)
NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.64210 where it could potentially react off and up to 1st resistance at 0.63590.
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