NZDUSD decision time
Testing the very steep trend line that has been in place since 7th december alongside a test of the RSI trend which started on 17th november.
RSI has been diverging at this level where the upside is being capped by the long term trend line (2014 start)
Look for a break of trend line + rsi and confirmation of downside.
0.713 level as first target area
Keep an eye on economic calendar next week. Kiwi CPI & US GDP
RSI has been diverging at this level where the upside is being capped by the long term trend line (2014 start)
Look for a break of trend line + rsi and confirmation of downside.
0.713 level as first target area
Keep an eye on economic calendar next week. Kiwi CPI & US GDP
Note
Look at 30 min chartNote
Bounced off support + RSI support into long term res. Pivoting off that level now
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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.