Last week, NFP and unemployment news did mixed signals. NFP got bullish but so weak. in the other side, unemployment did a bearish signal. We believe all USD pairs are going to make correction moves until FED's interest rate decision.
So here is why we are bullish on NZD/USD:
1- RSI and Stochastic made a RD+. 2- Possible Double bottom formation. 3- in macro TF Price is moving inside of Triangle. 4- Price is struggling with downward trendline. 5- an engulfing bullish candle(4hr TF) has been made on support.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
eur-aud dar 1.51873 sell gerftam
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