Good ~200-300 pip long setup
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position
Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position
Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge
Note
Bit of consolidation forming around the 1.63 levelLooking to take a long position after the weekend
For the week ahead, watching the ECB rate decision on Thursday, though I don't expect much of a change in commentary from the last meeting
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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.