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DJW1998
Jun 8, 2021 3:49 PM

NZDUSD - 4H CHART WATCHLIST 

New Zealand Dollar/U.S. DollarFXCM

Description

HI GUYS,

JUST A QUICK UPDATE ON THE NZDUSD 4H CHART.

AS WE CAN SEE THE PAIR IS CONSOLIDATING WITHIN THE SUPPORT AND THE RESISTANCE MARKED UP:
SUPPORT - AROUND 0.71213
RESISTANCE - AROUND 0.73087

I WILL BE WATCHING THIS CAREFULLY TO SEE WHERE THE PRICE PUSHES TO AND I WILL UPDATE THIS AS WE MOVE.

- POTENTIAL FOR A DROP TO SUPPORT AND AWAIT A BOUNCE OR CONFIRMATION OF A REVERSAL.
- ALSO POTNETIAL FOR THE PRICE TO PUSH THE ROOF OF THE CHANNEL AND IN TURN REVERSE TO THE DOWNSIDE.

A LIKE OR A FOLLOW WOULD BE MUCH APPREICATED.

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