Hello traders:
As I am bearish on the USD overall, and expecting further weakness in the USD pairs overall.
Here on NZDUSD, we can see price had a strong bullish impulse move up, and price falls into a larger, higher time frame correctional structure.
With a few swings highs and lows, it validates a structure here that can be a continuation correction for further upside.
Latest development on the LTF shows price has impulse out of the the HTF structure, good sign s of further bullish momentum.
Wait for lower time frame bullish continuation to form and complete, then look for entry to the previous highs.
thank you
Note
Higher time frame outlook: Note
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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.