Trader_97

NZD/USD OUTLOOK AND SCENARIOS AHEAD OF NFP

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
33 0 1
Recently the pair broke out of Support T.L from May 30th but it still seems to be holding onto the 0.72 floor.Right now we're focusing on the short term scenarios for the pair so we are going to closely keep an eye on the recently broken T.L support and see if price comes off it treating it as support turned resistance or not.Another thing to watch out here would be the 0.72 area. Let's say price reacts to the recently formed T.L resistance from September 8th and breaks past the support @ 0.72 we could expect to see a move back to the 0.7052 area and a deeper correction as the price will then retest the Support T.L from January 20th of this year.The charts for various scenarios are down below

BEARISH SCENARIO :

1.
snapshot


2.
snapshot


BULLISH BREAKOUT SCENARIO :

1.
snapshot


SHORT TERM FALLING WEDGE FORMATION ?

1.
snapshot


PRICE RESPECTING RESISTANCE ON THE H4 BUT HOLDING ITS GROUND :

1.
snapshot


United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out