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Nzdusdshort

Pullback on NZDUSD presents an opportunity to sell Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci extension presents an opportunity to play the drop to the next support target at 0.71520, in line with the 78.6% Fibonacci retracement. MACD is showing signs of bearish pressure as well.
Short
by Salzworth
NZDUSD | The best place to buy🎯Hello traders , Our goal in this analysis is to give you an overview of the future of symbolism. This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. NZDUSD in daily timeframe , If you have checked the previous daily analysis of this symbol in our account, you will notice that we have specified the end of wave 4 and the beginning of wave 5 from a wave c for zigzag at higher times. The probability that we have now is that wave 5 has started its ascent and this wave consists of waves 1 and 2. Wave 1 moved almost normally upwards and the second wave corrected Wave 1 more than expected. We will specify the structure of Wave 2 in a four-hour time, but Wave 2 continued to correct to Fibo 0.88. If the wave count is correct, it will make three very long movements, but for now we have considered the same Fibo 1.618 or 7473 area for this wave. And in general, we think wave motion (5) will continue until Fibo 0.50. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by TajereBartarFX
NZD/USD Technical Analysis.Currently, NZD/USD is trading at 0.7165. The price is moving in up trend by making higher high and lower low pettern. The pair may start a new down trend if it breaks the support level at 0.7140, likely It is possible that the pair may rebound back after touching support level to continue its up trend. If the pair starts a new down trend after breaking the support level, then its first target price will be at 0.7075 and second target price will be at 0.7003. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5