Preferred direction: Neutral
Comment: The previous target was also hit for NZDUSD. Here, just like with AUDUSD, the targets are all closed and an upward reversal is expected. The conditions for this have also not yet been created and most likely the price for the currency pair will still update local anti-records. Getting involved in sales is quite dangerous, there is a high risk of false takeaways. Therefore, we have decided to refrain from entering for now and already expect the expected upward reversal.
The most likely scenario is now a breakdown of the support 0.61263, then an attempt to develop this fall even deeper, but in the end everything will end in the formation of a false breakout. Just such a situation will be a fairly strong entry point into a long position. We set the target for growth at the level of 0.62907.
Thank you for like and share your views!
Comment: The previous target was also hit for NZDUSD. Here, just like with AUDUSD, the targets are all closed and an upward reversal is expected. The conditions for this have also not yet been created and most likely the price for the currency pair will still update local anti-records. Getting involved in sales is quite dangerous, there is a high risk of false takeaways. Therefore, we have decided to refrain from entering for now and already expect the expected upward reversal.
The most likely scenario is now a breakdown of the support 0.61263, then an attempt to develop this fall even deeper, but in the end everything will end in the formation of a false breakout. Just such a situation will be a fairly strong entry point into a long position. We set the target for growth at the level of 0.62907.
Thank you for like and share your views!
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Trading idea is relevant
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