NZDUSD reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.66014 where it could potentially drop further to 0.65792.
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Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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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
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.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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!