Reversal on NZDUSD?

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The NZDUSD found the 0.6190 price area on Friday and as the price rebounded from the support level, this formed a Bullish Divergence (the price formed a lower low, while the MACD formed a higher low).

Looking at the 0.64 price area as a possible target level for the reversal.

With the RBNZ interest rate decision due in the week ahead, this could provide an additional driver to the reversal.

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تعليق

Bullish divergence didnt work as the DXY strengthened significantly