NZDUSD Trade Idea
In the previous analysis, I mentioned that we could expect some pullback on NU breaking above the 0.7815 resistance zone, which was exactly what the market performed. In today's trading session, I will remain neutral bias. I will be paying attention to the 50ema on the 4h chart as a potential rejection area for further bearish continuation setup. However, if it breaks above it, 0.7100 is the next resistance zone.
Trade safe and be flexible
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Trade safe and be flexible
Do follow my profile for daily fx forecast & educational content.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.