OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
In the recent analysis (15th Jan, Friday), I expected NU to reject the 0.7237 minor resistance zone as I noticed there are tons buyers jumping into bullish side due to the upwards breakout of the trendline. I then discussed about the failure (trendline probe) with bearish rotation back towards 0.7171 support zone with increased selling pressure with 0.7094 support zone as the target, which was exactly what the market performed. Currently will be looking for short-term selling opportunities, potentially a re-test at 0.7161 resistance zone for further bearish continuation setup with 0.7094 support zone as the initial target. However, be aware that there are plenty of minor zones, avoid having your targets too far. Do not forget the overall trend on the higher timeframe remains bullish .

Trade safe.

Do follow my profile for daily fx forecast & educational content.
Comment: Friday's (15th Jan) analysis

Join our Telegram community where like-minded traders are connected: https://t.me/Neotradingfx

Follow our IG page for regular content: https://www.instagram.com/neotrading_/


Thank you so much
+1 Reply
TraderNeoh Dave-FX-Hunter
@Dave-FX-Hunter, Cheers!
Great analysis man.
+1 Reply
TraderNeoh Tessymed
@Tessymed, Cheers.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out