NZDUSD has done a breakout and retracement on the daily timeframe. Here we witness a major demand zone where we may have a possibility of revisiting the level one more time.
Note
Note
Under the hourly timeframe, we see a bullish trend formation which is playing inside a channel. Here we should monitor the price closely to spot down a bearish breakout confirmation which might validate the bearish expectations.
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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.