☑️NZD_USD is trading in a massive Uptrend
And the pair is very strong against the dollar
Which can be seen by looking how little the pair fell comparing to EUR_USD as an example
Therefore, any uptick on the DXY will result in a massive candle UP on NZD_USD
And we have a nice confluence of the horizontal support and the rising support of the pennant
I suggest a long trade with the final target being the pennant falling resistance
SHORT↘️
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Related publications
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.