Dollar New Zealand / Dollar ASDiupdate NZDUSD Trade Idea
On Friday's (5th Feb) analysis, I talked about the formation of the squeezing model on NU with possible reversal back to re-test the upper band. In yesterday's analysis, I expected NU to violate the upper band with continuation toward the upside which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities after some pullback to re-test 0.7240 or 0.7225 support zones, with 0.73110 resistance zone as the target.
Since early January I've been calling short-term selling opportunities as I've identified a bearish reversal early on. As the uptrend on the uptrend on the higher timeframe (4h, daily, weekly, monthly) in NU is still well-intact, avoid going against the long-term trend. Do check out my previous post if you're keen to learn more about spotting reversals.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Since early January I've been calling short-term selling opportunities as I've identified a bearish reversal early on. As the uptrend on the uptrend on the higher timeframe (4h, daily, weekly, monthly) in NU is still well-intact, avoid going against the long-term trend. Do check out my previous post if you're keen to learn more about spotting reversals.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Catatan
Previous analysis
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.