Reversal on NZDUSD?
Aggiornato
The NZDUSD found the 0.6190 price area on Friday and as the price rebounded from the support level, this formed a Bullish Divergence (the price formed a lower low, while the MACD formed a higher low).
Looking at the 0.64 price area as a possible target level for the reversal.
With the RBNZ interest rate decision due in the week ahead, this could provide an additional driver to the reversal.
Looking at the 0.64 price area as a possible target level for the reversal.
With the RBNZ interest rate decision due in the week ahead, this could provide an additional driver to the reversal.
Commento
Bullish divergence didnt work as the DXY strengthened significantly
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