⭐️ NZDUSD INFORMATION: The trade balance of New Zealand experienced a decrease of 1.234B, which was contrary to the forecast of -1.2B. This decline was a result of a slump in the trading of goods, with both imports and exports showing a decrease. As a result, it will be challenging for Kiwi buyers to find any incentives to bid during the upcoming week. However, the focus of most market participants will be on the US Dollar (USD) as the week comes to an end, with the anticipation of one final round of US inflation data.
⭐️Personal comments NOVA: Strong resistance zone, high trading volume, cannot be broken temporarily. Set up SELL signal
⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest