Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.657). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . NZDUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40.
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Well done Fantastic graph and comments. I've put in my trade Hope to hear again from you Thanks
ForecastCity
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@Shiva_forex, You're welcome!👍 we hope you enjoy it. 💎🙏💎
fxniki
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I like it. Thanks. Your trading strategy is a five-star strategy 🌟🌟🌟🌟🌟
ForecastCity
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@fxniki, You're welcome!👍 we're glad you like it. 💎🙏💎
Neekway93
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Hey! I love following your analysis it's a good pointer but I can't help but see and inverted head and shoulder pattern plus on the 4 hour time frame a bullish Engulfing formed. Let me know 😊 love your analysis as always