💱NZDUSD - A retest of 0.59852 could break the level
Updated
NZDUSD is approaching resistance within consolidation. After a false breakdown a signal is formed that the level may be broken on retest. Target 0.60500
TA on high timeframe:
1) We do not see a fall after the support breakout
2) Buyers are holding back the price and may return to the global range
3) market is interested in 0.60500 area due to imbalance
TA on the low timeframe:
1) A retest of 0.60438 is forming
2) If the level is broken, an impulse may be formed.
3) I am waiting for the breakout and growth to 0.60500.
Key resistance📈: 0.59852
Key support📉: 0.59600
TA on high timeframe:
1) We do not see a fall after the support breakout
2) Buyers are holding back the price and may return to the global range
3) market is interested in 0.60500 area due to imbalance
TA on the low timeframe:
1) A retest of 0.60438 is forming
2) If the level is broken, an impulse may be formed.
3) I am waiting for the breakout and growth to 0.60500.
Key resistance📈: 0.59852
Key support📉: 0.59600
Trade closed: target reached
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