NZDUSD is preparing to move higher potentially forming a double bottom at the previous higher timeframe structure highs.
NZD will take advantage of the lower USD and we expect this market to head towards the key resistance of 0.7000.
Technically we can see the market is finding support and if we see a break and close above the trendline resistance we can look for further trades higher.
NZD will take advantage of the lower USD and we expect this market to head towards the key resistance of 0.7000.
Technically we can see the market is finding support and if we see a break and close above the trendline resistance we can look for further trades higher.
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.
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.