Dollaro neozelandese / DollaroAggiornato 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.
Nota
Previous analysis
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.