Pair is indcating signs of continuiation of trading within its channel.
Bearish cross of 10 + 50EMA justifies bearish correction towards channel support
Overall trend is bullish (D1 Timeframe), which also proves the impulse move will consist of price heading towards the channel resistance
Both NXY & DXY currency index adds confluence to trade as each index gives off sentiment for its respsective currency
High impact economic news on NZD with results on unemployment rate. USD high impact news with results on Non-Manufacturing PMI
Will give an update within the next day
Bearish cross of 10 + 50EMA justifies bearish correction towards channel support
Overall trend is bullish (D1 Timeframe), which also proves the impulse move will consist of price heading towards the channel resistance
Both NXY & DXY currency index adds confluence to trade as each index gives off sentiment for its respsective currency
High impact economic news on NZD with results on unemployment rate. USD high impact news with results on Non-Manufacturing PMI
Will give an update within the next day
