vikinsa

NZDUSD Can Fall - Inside Monthly & Daily FCP Zones

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Traders, NZDUSD had a very good run but it is now reaching a crucial level where it can take a correction. 0.72115 is very important level which is inside both Monthly and Daily FCP Zones ( Fibonacci Confluence Pattern Zones). However it may not reach that level as the pattern is almost complete. As the new month and new year is about to start, take extra care. There can be huge volatility in the markets.

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Comments

This is trading sideways between 0.72010 and 0.72099. If this continues then what will happen next? Will it drop to support 0.7180 or go higher up?
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What are the odds that This pair won't cross 0.7215?
Reply
0.7220 on NZD and 0.77 on AUDUSD is in play
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