NZD/USD remain in a dominant bullish wave that began in April. Wave extremes from a "horizontal pennant" on the chart. The bearish phase since May 26 remains a part of internal correction. The bullish leg from June 23 has reversal potential.
Weekly Forecast:
The pair is likely to continue its upward movement for a few more days. A sideways trend and reversal conditions are expected near the resistance zone. Downward movement becomes more probable in the second half of week.
Potential Reversal Zones
Resistance: 0.6070 / 0.6120
Support: / 0.5940 / 0.5890
Recommendations:
Selling: Low potential and potentially risky.
Buying: Can be considered if reversal signals appear near the support zone.
Weekly Forecast:
The pair is likely to continue its upward movement for a few more days. A sideways trend and reversal conditions are expected near the resistance zone. Downward movement becomes more probable in the second half of week.
Potential Reversal Zones
Resistance: 0.6070 / 0.6120
Support: / 0.5940 / 0.5890
Recommendations:
Selling: Low potential and potentially risky.
Buying: Can be considered if reversal signals appear near the support zone.
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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.
DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
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.