💡Ideas For NZDUSD 🇳🇿/🇺🇸
📈 NZDUSD → A break of the triangle resistance will form an impulse
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NZDUSD is forming an attempt to change the downtrend on the background of weakening of the dollar. A resistance retest is being formed. What to expect from the price further?
The price left the channel last week, all this time a consolidation in the format of an ascending triangle is being formed. The price continues to test the triangle resistance and 0.62359 for a breakout as we see a weakening dollar, consolidation after the resistance breakout and several other indications that the price is preparing to continue rising.
A false break of resistance could form a pullback to nearby support, but based on the potential, price could continue to head towards resistance.
Support levels: 0.61911
Resistance levels: 0.62200, 0.62359
I expect a pullback from resistance and another retest on the background of an attempt to change the trend. If resistance is broken, our target will be 0.63000 and 0.63810
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#NZDUSD 🇳🇿/🇺🇸
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📈 NZDUSD → A break of the triangle resistance will form an impulse
➖ ➖ ➖ ➖ ➖
NZDUSD is forming an attempt to change the downtrend on the background of weakening of the dollar. A resistance retest is being formed. What to expect from the price further?
The price left the channel last week, all this time a consolidation in the format of an ascending triangle is being formed. The price continues to test the triangle resistance and 0.62359 for a breakout as we see a weakening dollar, consolidation after the resistance breakout and several other indications that the price is preparing to continue rising.
A false break of resistance could form a pullback to nearby support, but based on the potential, price could continue to head towards resistance.
Support levels: 0.61911
Resistance levels: 0.62200, 0.62359
I expect a pullback from resistance and another retest on the background of an attempt to change the trend. If resistance is broken, our target will be 0.63000 and 0.63810
➖ ➖ ➖ ➖ ➖
#NZDUSD 🇳🇿/🇺🇸
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅