Preferred direction: SELL
Comment: The New Zealand dollar is also expected to fall. Here, the situation is exactly the same as with AUDUSD. An accumulation formed at the level of 0.62359, filled with purchases (long-orders). The publication of inflation data in the US is expected, against the background of which a downward impulse may happen.
Also, due to the data, at the time of publication there may be increased volatility, we do not exclude a potential false breakout of the upper limit of accumulation (scenario №2), after which we wait for the target price at the level of 0.61263.
Thank you for like and share your views!
Comment: The New Zealand dollar is also expected to fall. Here, the situation is exactly the same as with AUDUSD. An accumulation formed at the level of 0.62359, filled with purchases (long-orders). The publication of inflation data in the US is expected, against the background of which a downward impulse may happen.
Also, due to the data, at the time of publication there may be increased volatility, we do not exclude a potential false breakout of the upper limit of accumulation (scenario №2), after which we wait for the target price at the level of 0.61263.
Thank you for like and share your views!
Trade active
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Trade closed: target reached
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
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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.