NZDUSD meeting resistance
Diupdate
Oversold on the 4hr.
Zones between 0.656 and 0.657 have overlap of 200ema, horizontal & fib resistance. Also within the upper range of the channel.
Note that nzd is fundamentally weak with ongoing trade war, so i expect it to go down 1 more wave and test the bottom channel & historic lows of 0.64, before making a short term reversal out of the channel.
I have placed my sell order at 0.6562. As the channel drawn can differ across charts, do expect a false breakout.
Zones between 0.656 and 0.657 have overlap of 200ema, horizontal & fib resistance. Also within the upper range of the channel.
Note that nzd is fundamentally weak with ongoing trade war, so i expect it to go down 1 more wave and test the bottom channel & historic lows of 0.64, before making a short term reversal out of the channel.
I have placed my sell order at 0.6562. As the channel drawn can differ across charts, do expect a false breakout.
Catatan
Damn, the 0.618 level is hit instead. Looks like i have to widen my upper channel's line. I'm still convinced that nzdusd is going to trade within the channel though
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.