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BethZu
Aug 6, 2019 6:34 AM

Price is being rejected by a support zone and the RSI is oversol Long

New Zealand Dollar/U.S. DollarFXCM

Description

Very similar conditions to AUDUSD at this moment... aditionally the yearly, quartely and monthly pivots are upside... thinking long this pair.
Comments
CapitulationCalls
Good TA, but watch out,
If it finds a drastic increase this time around~ .6924,
in turn its on its way down to the .642 level
get out at the top as it may fall.
The markets are at their worst in all time history so that may correlate into the price action.
View this whole market as a big Head and shoulders with respectfully 4 shoulders attached.
BethZu
@carsonfortson15, I really do appreciate your comment, I will be careful...
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