Dollar New Zealand / Dollar ASDiupdate NZDUSD Trade Idea
NU is currently having some corrective behaviour within a wide range. In today's session, I will be favouring short-term selling opportunities due to the lower high sequence. There are two scenarios that I am looking at
1. Bearish rotation violating 0.7171 support zone, be aware that price could find 0.7218 resistance level as a rejection zone (Bearish)
2. If we begin noticing price showing bullish sign breaking above the 0.7240 resistance zone, I will be looking for possible break & re-test setup (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. Bearish rotation violating 0.7171 support zone, be aware that price could find 0.7218 resistance level as a rejection zone (Bearish)
2. If we begin noticing price showing bullish sign breaking above the 0.7240 resistance zone, I will be looking for possible break & re-test setup (Bullish)
However, do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Catatan
Friday's (22th Jan) 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.