alexkyp

NZDUSD potential BUY

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
It is the second consecutive week that the pair rise up to 0.69 and drop hard around 100-150 pips in a matter of an hour!
There is a clear ELIOt wave formation and its currently sitting on the D point.
DXY is currently rising but we could expect it to drop within the week, also the pair face a lot of rejection around the psychological line of 0.68 where it seems to be a prime point of entry.