Hello traders,
The NZDUSD has created a descending wedge signalling a potential reversal.
There is a bullish divergence on the RSI signalling upside.
The USD Index has also reached a sell zone - Check DXY Index
The RBNZ held interest rates steady which could provide strength back into the NZD.
We will look to buy from the double bottom (check weekly charts) targeting the 0.6400-0.6500 levels on the upside.
Please let us know your thoughts.
Download our FREE trading guide for beginners: www.forexstoreau.com
The NZDUSD has created a descending wedge signalling a potential reversal.
There is a bullish divergence on the RSI signalling upside.
The USD Index has also reached a sell zone - Check DXY Index
The RBNZ held interest rates steady which could provide strength back into the NZD.
We will look to buy from the double bottom (check weekly charts) targeting the 0.6400-0.6500 levels on the upside.
Please let us know your thoughts.
Download our FREE trading guide for beginners: www.forexstoreau.com