NZDUSD possible short for 0.6240nzdusd broker 0.6315 strong support of 12th January. 4hour & daily chart turned from bullish to bearish. wait for correct to tap supply zone for short. supply zones 0.6470-90, extreme supply zone 0.6517-40. both zone are strong selling zone. stop loss: 0.6560, target: 0.6240.
Nzdusdshort
NZDUSD - Selloff started ✅Hello traders!
‼️ This is my perspective on NZDUSD.
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price formed normal daily divergence and rejected from bearish order block.
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NZD/USD :: The failure of range box !!!NZD/USD :::
The price of the first thing it does is to break this small range box, and after being supported by the support levels, it will move to the middle line of the Big channel, and if it is charged enough, it can also be placed at the ceiling of the channel .
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NZDUSD M30: Bearish outlook seen, further downside below 0.6500On the M30 time frame, prices are approaching the resistance zone at 0.6500 where we could see a reversal below this level. The 0.6500 resistance zone coincides with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance at 95.25 as well, where we could see a reversal in prices.
NZDUSD (BUY) Inverted H&S OUTLOOK D1NZDUSD is trading at an area of interest which we are currently in a bullish trend. A short term consolidation is needed to complete a potential bullish continuation structure or we may just breakout upwards of the neckline as we have Inverted H&S pattern in completion.
I personally expect short term growth of USD before continuing the bullish trend. Looking for a buy opportunity around 0.62200.
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NZD/USD :: Move to the roof of the channel .NZD/USD :::
The price has touched the bottom of the channel and started its way to the top of the channel .
It will definitely have a number of corrective movements and will not be indifferent to the middle line and the trend line, but finally the price can be seen at the ceiling of the channel .
NzdUsd- Sell on confirmationTwo days ago, NzdUsd has broken above short-term resistance, and at the time of writing the pair dropped on retesting.
Yesterday's candle is a Pin Bar though that aligns nicely with mid-December's high.
A break back under 0.64 would confirm a false break and the target is at the bottom of the range at 0.62
A break also under that level will also confirm a double top with 0.6 target
Selling NZDUSD into current swing high.NZDUSD - 20h expiry - We look to Sell at 0.6350 (stop at 0.6400)
Previous support located at 0.6250.
Previous resistance located at 0.6300.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 0.6250 will confirm the bearish momentum.
Our profit targets will be 0.6250 and 0.6210
Resistance: 0.6300 / 0.6350 / 0.6400
Support: 0.6200 / 0.6150 / 0.6100
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