NZDUSD → Attempt to change the trend amid falling dollar

8月19日NZDUSD is strengthening from the opening session amid the dollar's return to southward movement. Traders are intensifying USD sell-offs amid expectations of interest rate cuts...



Despite the New Zealand Central Bank's interest rate cut, the USD sell-off is more active on the currency pair. The dollar is forming a retest of support, which increases the chances of further decline in the price amid strong sell-offs.
The currency pair is testing the resistance at 0.6083, but at the moment there is a high probability of correction to the imbalance zone. The reason is that we approached the zone too quickly, we need to accumulate the pre-breakout potential. But, if the bulls manage to consolidate above the resistance, then the market will move to the realization phase after the trend line breakout.

Resistance levels: 0.60828, 0.61475
Support levels: 0.6036

Fundamentally, the environment points to the continuation of growth. Technically, the bulls will have to pass through the trigger at 0.60828 to start the realization phase.

Rate, share your opinion and questions, let's discuss what's going on with ★ NZDUSD ;)

Regards R. Linda!

8月19日

交易進行

Consolidation is formed near the level

8月20日

交易進行

The bulls kept the price down
Resistance breakout and upward momentum is formed

8月21日

交易結束：目標達成

TP1 reached!
+65 pips!

8月23日

交易進行

The struggle for resistance continues.
Those who are in the position can continue to hold.
To open an order we need to wait for the bulls to hold the defense above 0.6145.

8月26日

交易結束：目標達成

All goals have been reached!