Strifor || NZDUSD-16/04/2024

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Preferred direction: BUY
Comment: WThe buy-priority remains the same for the New Zealand dollar. Previously, we looked at a medium-term long trade, which is in progress and is in the accumulation stage.

If we talk about short-term prospects, we can consider the two scenarios shown on the chart. There is a high probability that the buyer will strengthen at current prices, so this potential movement is shown as scenario №1. Less likely scenario №2 cannot be ruled out. We set the target for this growth at the level of 0.59500, one can also consider target №2 at the level of 0.59857.

Additional comments on this trade will be provided as situation changes. Follow us!

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