OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
In yesterday's analysis, I discussed about the rejection of the trendline back towards 0.7167 support zone (previous swing low), which was exactly what the market performed. NU is currently in a range bound condition, pay attention to minor support & resistance zones. There are two scenarios that I am looking at

1. A violation of the trendline with a break & re-test setup, 0.7278 minor resistance zone will be the initial target
2. A breach of 0.7164 support zone would induce further selling pressure, with 0.7095 as the initial target

However, 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: Previous analysis

Join NEO-Trading free Telegram channel: https://t.me/Neotradingfx

NEO Members Pass - Where members watch exactly how I trade : https://t.me/NeoTrading_bot

Follow NEO-Trading IG page: https://www.instagram.com/neotrading_/

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About 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