In a recent post, I emphasized that it is of paramount importance for Kiwi bulls to maintain the 0.6010-0.6030 zone.
As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year.
As indicated by the chart, this level is identified by horizontal support and the Golden Fibonacci zone, which spans between 50% and 61%.
So far, the pair has held this level intact and reversed strongly after touching it.
Additionally, there has been a break above the descending trend line, further reinforcing this bullish outlook.
With that said, I m bullish on
NZDUSD as long as the price stays above the recent low, and buying dips is my strategy.
Furthermore, a trade targeting the recent high resistance level could potentially offer a 1:3 risk-to-reward ratio, depending on the entry point.
As long as this level remains intact, the drop from the recent peak is considered only a correction to the initial upward movement that began in November of last year.
As indicated by the chart, this level is identified by horizontal support and the Golden Fibonacci zone, which spans between 50% and 61%.
So far, the pair has held this level intact and reversed strongly after touching it.
Additionally, there has been a break above the descending trend line, further reinforcing this bullish outlook.
With that said, I m bullish on
Furthermore, a trade targeting the recent high resistance level could potentially offer a 1:3 risk-to-reward ratio, depending on the entry point.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。