$NZDUSD - Another impulse above 0.72550
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Hi guys! 👋🏻
🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%.
đź”” The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index
đź”” The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters.
đź”” NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance.
đź”” The best would be to wait for a breakout from the $0.72550 resistance and go long.
đź”” The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400
đź”” I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
🔔 New Zealand Central Bank’s rate cuts and other measures and tools have reacted positively on NZD during the pandemic as since April 2020, Kiwi against the US Dollar was able to rise by 13.74%.
đź”” The situation around the US Dollar remains mixed, the recent report on a 25% drop of new Covid-19 cases looks positive, although the pause on the stimulus bill resulted in a -0.42% drop of the US Dollar index
đź”” The negative impact on the USD may be also caused by tensions rising on the South China Sea, the US Carrier was reported to sail near the Chinese-controlled area in the disputed waters.
đź”” NZD/USD looks bullish, as the pair broke out from the triangle and is still above the long-term dynamic resistance.
đź”” The best would be to wait for a breakout from the $0.72550 resistance and go long.
đź”” The pair has tested the $0.72130 resistance as support though is below another resistance at $0.72400
đź”” I specially am curious to watch the Moving averages 100 and 200 going as one since February 8 and it looks like a great support.
✊🏻 Good luck with your trades! ✊🏻
If you like the idea hit the 👍🏻 button, follow me for more ideas.
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