Get started
MarcellusLUX

Buy the dips in NZD/USD

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
MarcellusLUX  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis NZDUSD nzdusdlong nzdusdtrade nzdusdanalysis
21
6
trendanalysis chartpattern beyondta nzdusd nzdusdlong nzdusdtrade nzdusdanalysis
The area around 0.6950 is a support level in NZD/USD and it has supported
the price multiple times in the past.

On Friday, we saw a sharp bullish impulse from the support level in NZD/USD.
So, I would be looking to buy the dips as long as price stays above the support area.

Possible targets would be 0.7150 and 0.73 level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.