NZDUSD Daily Key ElementsNZDUSD Daily Key Elements
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Nzdusdsell
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
Lots of NZD strength. A little surprised to see NU push up like this given the time of the year, but 0.67 is a strong key level so I am not that surprised.
This pair is looking amazing. NZDUSD is at a very interesting make it or break it level.
Is NU going to sustain bullish pressure and keep climbing up, or are we going to see a strong rejection off resistance followed by a big push to the downside?
We need to be very patient, and carful.
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
A very nice push to the upside above resistance as previously anticipated! I thought it would have happened sooner but the lack of volume delayed it.
As you can see in my previous NU idea we have pushed up above that key area of resistance. NZDUSD is looking very VERY interesting now. Still sitting on my hands for the time being until the market picks up a bit.
Remember only novice traders take a trade everyday! NOT EVERYDAY IS GOING TO BE A TRADING DAY! We are traders not gamblers. Sometimes less is more. In times of no market volume just disconnect spend time with loved ones or doing something you love to do. It is good to decompress and come back refreshed.
NZDUSD Market Outlook | Daily Forex Market BreakdownNZDUSD
I was expecting more upside movement with NU but it was a bank holiday. It looks like we might be rejecting off resistance but I am not full convinced just yet. It's not wise to get into trades when there is no volume in the market. I will be sitting on my hands for the time being. As always if I see anything worth updating I will let you all know!
NZDUSD approaching resistance, look out for potential reversal!
NZDUSD is approaching its resistance at 0.66542 where it is could reverse down to its support at 0.65652.
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NZDUSD approaching support, potential for a further rise!
NZDUSD approaching support at 0.65951 where it could potentially rise further to 0.66249.
*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 reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.66014 where it could potentially drop further to 0.65792.
*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 SELLStrong Resistance
Good Candle confirmation
Pin bar
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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