OANDA:NZDJPY Overall structure based on the weekly, daily, 4h and 1h is bullish with price having broken above the 90.500 daily resistance and retesting as 90.500 daily support with price also retracing at 38,2% Fibonacci retracement level at the same 90.500 daily support. The bullish engulfing candlestick on the 4h is an overall strong confirmation to go long on NZDJPY
Evening Traders,
Today’s analysis – NZDUSD- trading at a key weekly trade location where a rejection is probable,
Points to consider,
- Price Action Impulsive
- .382 Fibonacci Support
(200 WMA Confluence)
- Double Top Resistance
- RSI Bullish Control Zone
- Declining Volume
NZDUSD’s immediate price action is impulsive above Weekly S/R, a correction is...
