JinDao_Tai

Can NZD/USD continue higher??

Short
JinDao_Tai Aggiornato   
FX:NZDUSD   Dollaro neozelandese / Dollaro
4
The NZD/USD move which started on 12th May, has climbed almost 350 pips upwards.
But it has halted at resistance level 0.7225

Will the kiwi continue its climb or reverse at this point?
A strong reversal would require several conditions to occur
1) failure of price to break resistance to move higher
2) strong FOMC commentart, leading to stronger USD
3) weak NZD economic GDP data

If these conditions are fulfilled, we could see a big move downwards on the nzd/usd
Ordine annullato:
Price was not able to break below/bounce off resistance level

Free trading community: discord.gg/b7X35tDD4T

Trading Course in Dubai www.jindaotai.com/apt-june
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.