Nzdusddaily
NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.63570 where it could potentially react off and up to 1st resistance at 0.64030.
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NZDUSD - Monday Update - From last WeekANALYSIS ON NZDUSD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the NZDUSD pair.
- Price below the 200 day EMA.
- Expecting more upward momentum.
- Price also seating on the 50% fib retracement level. Price could move the the 38.2% fib level so keep an eye out.
Stay Tuned