While NZDUSD retraced expectedly before rising further, the current movement suggested further retracement before the rebound.
What's confirmed now is that NZDUSD has broken away from a previous bearish structure and recently also broke out of a consolidating structure towards the upside.
The price is expected to retrace 0.6615 where it broke out from a bearish structure.
Look for buying opportunity from 0.6615 to 0.6605, targeting 0.6690 and 0.6720.
What's confirmed now is that NZDUSD has broken away from a previous bearish structure and recently also broke out of a consolidating structure towards the upside.
The price is expected to retrace 0.6615 where it broke out from a bearish structure.
Look for buying opportunity from 0.6615 to 0.6605, targeting 0.6690 and 0.6720.
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.
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.