Dollar New Zealand / Dollar ASDiupdate NZDUSD Trade Idea
In yesterday's analysis, I expected NU to again reject the 0.7220 minor resistance zone for a potential double top reversal setup, which was exactly what the market performed. In today's trading session, I will remain neutral bias as I noticed a squeezing model forming on NU, price is bouncing on-an-off the top & bottom band. There are two setups that I am looking at
1. Another rejection off the bottom band today could indicate potential continuation towards the upside with 0.7220 as the initial target. (Bullish)
2. A violation of the pattern could send NU towards some of the key supports zone such as 0.7109 & 0.7021 levels.
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. Another rejection off the bottom band today could indicate potential continuation towards the upside with 0.7220 as the initial target. (Bullish)
2. A violation of the pattern could send NU towards some of the key supports zone such as 0.7109 & 0.7021 levels.
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
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.