NZDUSD:Approaching an important resistance zone
Hey Traders, As DXY shows some strength i would love to consider Potential USD longs against commodity currencies like NZD, and as the stock market shows some downsides NZDUSD should be a perfect catch for the positive correlation between the two.
Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential reversal from the trend. in case the rejection is confirmed i would set 0.613 as a target as it's considered the next major support zone NZDUSD will be facing.
Technically we have noticed that NZDUSD is approaching 0.627 supply and demand zone so i will be watching a potential reversal from the trend. in case the rejection is confirmed i would set 0.613 as a target as it's considered the next major support zone NZDUSD will be facing.
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