Hey Traders, As DXY shows some strength i would love to consider Potential USD longs against commodity currencies like NZD, and as the stock market shows some downsides NZDUSD should be a perfect catch for the positive correlation between the two.
Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential reversal from the trend. in case the rejection is confirmed i would set 0.613 as a target as it's considered the next major support zone NZDUSD will be facing.
Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential reversal from the trend. in case the rejection is confirmed i would set 0.613 as a target as it's considered the next major support zone NZDUSD will be facing.
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Free Telegram Group:
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
t.me/+MDJZTdS-Mw0xZTA0
The 1% Traders Club:
t.me/+C08gijSq2PMyZTVk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.