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ForexWizard01
Nov 6, 2022 12:30 PM

NZDUSD possible buy zone! Long

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD has changed it's downtrend to the uptrend as the USD has got little weaker this week. NZSUD has formed a versal pattern with strong breakout. As the daily has formed a bullish engulfer, NZDUSD may continue to rise with its new uptrend. Once price retrace to previous neckline of inverted head & shoulder, a buy trade is highly probable in NZDUSD.

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