The 4-hour chart of NZD/USD is currently in downtrend.
The pair has broken its 30 degree trend line.
Also a small head and shoulder pattern has formed.
Hence,as per our analysis,we expect a strong short covering in the counter and an upside could be witnessed with good momentum.
The pair has broken its 30 degree trend line.
Also a small head and shoulder pattern has formed.
Hence,as per our analysis,we expect a strong short covering in the counter and an upside could be witnessed with good momentum.
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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.
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.