NZD/USD FURTHER TECHNICAL ANALYSIS UPDATE
NZD/USD FURTHER TECHNICAL ANALYSIS UPDATE
May 14 2021
The kiwi pair fill up the green space as market participants tends to push price up again to the neckline from which price has been designed to breakout or pull back to the support area.
But recently the NZDUSD is experiencing a bit indecision in price direction as traders are yet to determine where would be the next entry point to place a trade.
Furthermore, the current position in which price is trading at is the designated neckline that'll be use to make trading position.
If price falls below it on two occasions that'll be the beginning of going short and if it's the opposite side then traders should be prepare to go long. Because the volume of traders preparing to go long at the o.7300s area will likely to be much.
May 14 2021
The kiwi pair fill up the green space as market participants tends to push price up again to the neckline from which price has been designed to breakout or pull back to the support area.
But recently the NZDUSD is experiencing a bit indecision in price direction as traders are yet to determine where would be the next entry point to place a trade.
Furthermore, the current position in which price is trading at is the designated neckline that'll be use to make trading position.
If price falls below it on two occasions that'll be the beginning of going short and if it's the opposite side then traders should be prepare to go long. Because the volume of traders preparing to go long at the o.7300s area will likely to be much.
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