NZDUSD Trade Idea

١٣ يناير ٢٠٢١

Hi Traders, hope you had a great bullish reversal setup yesterday. In yesterday's forecast, I expected NU to have a strong bullish reversal at 0.7171 support zone with 0.7740 as the initial target, which was exactly what the market performed. Currently will be looking for short-term selling opportunities if price respects the trendline & 0.7742 minor resistance zone back towards previous swing low. However, if the bullish momentum is strong, a violation of the trendline could lead us back to previous daily high at 0.7310 resistance zone. Do not forget the overall trend on the higher timeframe remains bullish.

Trade safe.

Do follow my profile for daily fx forecast & educational content.

١٣ يناير ٢٠٢١

ملاحظة

Previous analysis