NZD/USA LONG THIS BOUNCE ASAP weekly/monthly forecast
As you can see NZD/USD is in the blue trading channel going side ways since 2016.
It is also inside a very large rising wedge.
on the 3 day TTM SQUEEZE and the weekly the momentum is shifting from down to up.
The RSI has also bounced off its support.
All these signs are bullish with my targets
being 2 levels in the rising wedge 0.70960 a level from 2010-07-22 and
0.7162 another well respected level since 2015-01-30
With this in mind keep stop tight and also remember we
can still retest the bottom of the wedge before we go up.
Follow for updates every 3 on this ride
It is also inside a very large rising wedge.
on the 3 day TTM SQUEEZE and the weekly the momentum is shifting from down to up.
The RSI has also bounced off its support.
All these signs are bullish with my targets
being 2 levels in the rising wedge 0.70960 a level from 2010-07-22 and
0.7162 another well respected level since 2015-01-30
With this in mind keep stop tight and also remember we
can still retest the bottom of the wedge before we go up.
Follow for updates every 3 on this ride
Comment:
www.tradingview.com/chart/vPF5gVlC/
