Basit-Abdul

NZDUSD - ANTICIPATED BULLISH MOVEMENT. TIME FOR THE NZD TO GO UP

Long
Basit-Abdul Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The fact that the pair is low on RSI on the 4hr time frame, I think its time for this pair to gain momentum considering the recent events that had occurred causing the pair to drop low on RSI.

Other than RSI, not only is the pair approaching the bottom of the 4hr Trendline, the pair also seems to be approaching a key level zone as well as a Fibonacci level which both have previously been used as a support several times.

Anticipation of a Bullish Indication would be the perfect form of entry.
Order cancelled
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.