structure support becoming resist, fib to get 1.272
3 Pivot lines (different settings each one, where they bunch up is TP's)
Fib lines up with Pivots
SAR, price under ichimoku cloud, NmacD420, SS420FX all showing sell on 1 hour chart of FX:NZDUSD
Moving average indicators and structure
Looks like sell across multiple timeframe
why would it test the old support (previous old resistance)?
or why not
lines up with pivots....
before news, why not it test its good old support/resist line from exactly 1 year ago! o_0
Structure - after break move down, price crept up to previous support before break (now resistance)
FIB - which also lined up with the 0.618 retract. 1.272 extension at previous support & trendLine for TP
- upcoming NZD rate cut likely
Looking at my charts was showing AUD/USD was a long and NZD/USD a short, usually the pair move together.
So looking at AUD/NZD structure, confirmed the opportunity. Price has gone below 14 year long support/resistance line, and I expect it will go back up to test that line, which happens to be near a recent ...
a buy (when price at D)
Forecast pic click here