Similar to NZDCAD, NZDUSD has shown signs of breaking out of the downtrend on the H1 frame, refer to the Buy strategy at current price 0.6040, stop loss 0.5990, target 0.6150.
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here measure trend is downside and during downfall it recently make a pattern that shows upside consolidation then fall then riseup quickly trap the retailers and then finally continues it's measure trend
so here is a plan
nzd/usd tells us the right story about itself
it first make one lower high to give the sign of continuation but it actually consolidates
then try to give upside breakout but it fails and measure trend i.e. down trend continues
Greetings everyone!
The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589,...
The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday.
The increase in US Treasury bond yields, supported by prospects...
During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day.
Conversely,...
