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ForbesRatingN1
Oct 22, 2023 7:06 PM

Ladies and Gentlemen, get ready 2 fasten belts 4 take off Long

New Zealand Dollar/U.S. DollarFXCM

Description

Previous forecasts have been achieved, prices have dropped below 0.5859. A price pivot zone near 0.5810, which appeared a year ago, has been reached. We believe it is possible to begin cautious purchases (high risk).
Our trading strategy indicates that an upward reversal will occur when levels around 0.5930 are reached on Monday-Tuesday of the upcoming week. Furthermore, we expect continued growth towards the area of 0.6000 and beyond.
We expect a potential revisit of last week's lows, but the depth of the breakdown will not be significant.

Trade closed: target reached

Goals have been achieved, although the takeoff was slightly delayed))
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