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BILLY_RASHAD
May 3, 2020 7:54 PM

NZDUSD  

NZD/USDOANDA

Description

Big move coming?
Comments
Emekadavid
Yes, a big move is coming but you need to know where the big move is heading. I see two possibilities for a big move here. An acceleration of the rally after a period of consolidation where the trendline break is temporary, or a price reversal after a consolidation if the trendline break is significant. But I go for rally acceleration. Because if you look at the big picture, a nearby support is about the 50% fib level which price did not break in the past. But surprises are plentiful in trading. London open will tell. Will be looking out for kiwi dollar tomorrow.
BILLY_RASHAD
@Emekadavid, i am not yet convinced on direction but i am loving the price action, potential setups lining up. Will see how the daily candle closes
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