barikjan

NZDUSD to retrace from 0.70

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
0
Pair is under big question, since now it’s touching importance support line which held since January. However, as we know USD is getting more and more momentum.Most probably, scenario would be as follows. Price will break the channel line and bounce from support level on 0.70 psychological level, which also has strong support and matches with 100MA.


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.