The pair has been long in H4 TF and now forming a Double bottom. The Price is expected to long to 0.72127. Use risk management.
Back with a short NZDUSD analysis again. After consolidation the pair broke the support and now retesting the price. GDP news are coming up and seems to bad. The price is expected to short to 0.71052 as Tp1 and 0.65704 as Tp2. Use risk management.
The pair broke the 1.19131 and now potentially creating sell opportunity. The price is expected to short to 1.7700 as Tp 1 and 1.16700 as Tp2. Use risk management.
It seems NZDUSD pair has run out of long steam. In the daily timeframe it tried to form a head and shoulder. It is expected to go to November 2020 price (0.65150). This change of analysis is due to the upcoming GDP news (Wednesday) based on NZD pairs. Making this a Long term trade.
The price is expected to rise to 0.72990, were a potential Head and Shoulders on the daily timeframe is forming. Either a reversal back to November 2020 price (0.65150). If the price breaks 0.72990 the price would then be expected to for a new daily high in 2021.