The overall bias on NZDUSD is bearish. With the new weekly candle close, NZD/USD has recently tested a BSLQ and is showing signs that it wants to drop. I expect the price to push higher before the fall due to a 2Hr FVG laying at the .58600 level; however, the price may not test that area and could possibly fall upon opening.
Will update this idea as time goes...
We truly believe we are going to see another leg down to finalise a large-stop hunt on buyers.
Once we breakout past 0.61130 there is clear confirmation for us to begin taking our short positions. With NZD losing strength overall for the year, we can expect more leg down after each suppression zone.
NZDUSD is definitely one to watch out for! Avoid touching it...
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
