TradingView
TradeWithTheTrend3344
Apr 11, 2024 7:38 PM

NZD/USD Outlook: Potential for Decline Before Bullish Momentum Long

NZD/USDOANDA

Description

Hello Everyone,

Further decline in NZD/USD is anticipated prior to any bullish momentum, but if the weekly pivot point (PP) holds as a support level, we might witness immediate upside potential.


TradeWithTheTrend3344
Comments
JoeChampion
PPI, CPI, NFP were all hot, do you think that's a good idea to short USD? in this type of circumstances?
TradeWithTheTrend3344
@JoeChampion, There could be a potential decline prior to any upward movement, contingent upon how the price behaves in proximity to the support levels.
More