NZD/USD - Page 173
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Thread: NZD/USD

  1. #1721
    In the market trend, NZDUSD is still in bullish / uptrend, but we also have to anticipate a trend reversal if the price breaks the support area above and also price consolidation.

    In the history of the candle, we can look for entry Buy opportunities, but in order to be more objective, I will present an analysis for buy or sell entries.

    When we look at the chart above, the Buyer pressure slowly raises the price without being able to be opposed by the Seller pressure and forming Higher Low.

    This indicates that the Buyers still dominate the formation of certain price levels. However, we can still find Sell opportunities in this NZDUSD pair.

    In the picture, I determine the area of Resistance through the line above the price (0.6699 - 0.6692), for the Support area, we can see through two lines below the price (0.6657 - 0.6649)

  2. #1722
    The pair has completed the formation of a double bottom model showing its features in the graph above, which is a strong positive stimulus that supports expectations with the extension of the rising corrective wave, noting that positive targets reach 0.6815.Thus, we expect to see a further rise during the next sessions unless the level of 0.6650 is broken and the stability is without it.
    Expected trading range for today between support 0.6650 and resistance 0.6750.


  3. #1723
    The opening price is above the 0.6688 pivot which indicates an uptrend.
    The MACD histogram is above the zero level.
    Indicator Parabolic SAR (step 0.02, max 0.2) indicates the price is going up.

    Trading recommendations: Buy.
    TP: At the resistance level.
    SL: One level below the entry point.

  4. #1724
    The pair was able to touch our first target at 0.6700, and the positive effect of the double bottom model continues to push the price to achieve more expected gains for the next period, so that the upward trend will remain effective in the instantaneous and short term, with reference That our next target exists at 0.6750.Thus, we are waiting for a further rise to this day unless the level of 0.6650 is broken and steadiness without it.
    Expected trading range for today between support 0.6650 and resistance 0.6750.


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