NZDUSD moving inside the triangle pattern, from the small body of the previous day candle we can see that it is showing weakness in the upward momentum. We can expect a bearish movement towards the downside. However, if the candle closes above the triangle we can expect it to go up to the next resistance level.
Tomorrow Thursdays 21th march, there will be important US dollar FOMC Statement, FOMC Economic projections and Fed fund rate. This few important news will affect the outcome of the movement towards the downside or the upside of the dollar index. Thus, we will wait after the news date to confirm our entry.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and views. Thank you!
Tomorrow Thursdays 21th march, there will be important US dollar FOMC Statement, FOMC Economic projections and Fed fund rate. This few important news will affect the outcome of the movement towards the downside or the upside of the dollar index. Thus, we will wait after the news date to confirm our entry.
All investment comes with risk. Trade at your own risk. Open to ideas and sharing from all passionate traders, please comment and share your ideas and views. Thank you!