We've identified a potential buying opportunity in the NZD/USD currency pair. Currently, the market price stands at 0.59062. We suggest considering a long position at this level.
Trade Details:
Currency Pair: NZD/USD
Entry: Market price (0.59062)
Stop Loss: To manage risk, set a stop loss level.
Target: We anticipate a target price around 0.60300...
A sustained move over .6631 will indicate the return of buyers. The first target is .6670.
Sellers could come in on the first test of .6670, but if buyers can overcome this level then look for a potential retest of .6710 to .6753. This area stopped the rally at .6733 last Thursday.
From my previous NU post, we were looking an opportunity to short following the beautiful bullish compression after the weekly bearish impulse. My points of interest are around the 50% level and breakout level. Green lines are potential entries. Happy trading!
This is the opportunity which I was watching the whole week. We have a very nice setup on FX:NZDUSD To start with there is a perfect ABCD pattern, completion right at the resistance level 0.6455. Besides we have a confluence of fibs 1.272, at this key level I look the price to hit the channel edge and finish the channel, as we see we have 2 touches below and 1...
