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Liquidity_Queen
Apr 16, 2024 5:49 AM

DXY and NZDUSD analysis 

NZD/USDOANDA

Description

Woke up to price that is retesting weekly zones signaling reversals.

On the DXY we have a bearish OB on the monthly chart combined with a daily setup. I am waiting for entry confirmation once price breaks the current uptrend market structure.

On NZDUSD, I have price that is testing a weekly support zone combined with a 3 drive pattern and monthly confirmation entry.

I am waiting for the structure break to the upside to buy. Combined with the negative correlation between DXY and NZDUSD.
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