abhivik

NZDUSD Weekly analysis

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Last week we saw the price reaching our desired zone to go start looking for bearish opportunity.
We did get an excellent trade there but the price barely hit our set target at 0.6710 price zone.
This week we see the price to either retest the price at the current peak level of 0.6857 and then give us the short opportunity, or test the 0.680 price zone and then give a short opportunity.
Our target will be set same as from last week at 0.6710 price zone.
If the price breaks this level, we will look for our next target at 0.659 price zone.
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.