Forex_League

NZDUSD Analysis Mar 21, 2021

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
On the weekly timeframe we can clearly see that we are testing a level of support right now. Down to the Daily we can see that price has been descending aggressively as we move towards the support level. Down to the H4 timeframe I am actually seeing a break of structure with a nice rest of support. If we get a break of resistance on a lower timeframe I will look to go long on this one!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.