Look for a bounce in NZDUSD
After a sustained period of pronounced downtrend lasting several weeks, the NZDUSD currency pair is now displaying indications of stabilizing. While the potential for this stabilization to evolve into a new uptrend remains uncertain, noteworthy bullish divergences have emerged within the Cumulative Delta.
Consequently, we are considering a short-term rebound within a designated target range. The trade opportunity presents a favorable Risk-Reward Ratio (RRR) exceeding 3.2:1.
Consequently, we are considering a short-term rebound within a designated target range. The trade opportunity presents a favorable Risk-Reward Ratio (RRR) exceeding 3.2:1.
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.
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.