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NZD rejected channel resistance! | 22nd May 2020

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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71
Today we will take a good look at NZDUSD and what possible key levels to look out for. Right from the long term, down to the short term!
I utilise quite a bit of Fibonacci and graphical price action. Would be really lovely to hear your feedback and also have you guys share your views on the NZDUSD!

Let me know your thoughts and what other pairs you'd like me to take a look at next!

Cheers!

Entry:0.61073
SL:0.61560
TP:0.60160
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Comments

Thanks for nice analysis, hard-work and time. Have a nice weekend.
Reply
FXCM nrmt2010
@nrmt2010, Thank you and good luck
Reply
why you have used 21 moving average?
+2 Reply
FXCM sid5246271
@sid5246271, This is a fibonacci number. I normally use moving averages based on Fibo numbers.
Reply
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