Get started
ForexWeeklyAnalysis

NZDUSD short term long if low 0.85XX support holds

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
ForexWeeklyAnalysis  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
3
7
Possibly short term long if low 0.85XX region holds. Note the green trend line and support region.
Target 1: Previous high of 0.863X/4X
Target 2: 0.866X region (161.8 fib extension)
SL should be placed below the support region.

Note the word 'short term', I'm still looking to short the 0.866X region if we ever get up there.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.