DenisRisticFX

NZDUSD on the up and up until 4h supply realignment.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Price Altitude: Middle
Daily Trend: Down
4H Trend: Up

Analysis: Price bounced off the 25% resistance line and is retracing upward into two 4h Supply zones to re-align with the higher timeframe down trend.

Prediction: Continue the retrace upward. Profit margin for longs is disappearing.

Price Points of Interest:
4h Supply @ 0.66646
4h Supply @ 0.66406
4h Demand @ 0.66079
4h Demand @ 0.65688

This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Supply and Demand is everything in this business.
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