PURELY TECHNICAL
Though with projections of growth, NZDUSD has been consolidating and trading between $0.60 and $0.58 for over a month. A sell position would be ideal at $0.60 as corroborated by the yellow line of the TDI indicator trending above 63 on the 1hr timeframe. Additionally, $0.60 appears to be the test limit to verify the appetite of potential buyers and so far, there is little insensitive to keep buying above $0.60. Moreover, the daily timeframe shows consistent rejection of prices above $0.60
Though with projections of growth, NZDUSD has been consolidating and trading between $0.60 and $0.58 for over a month. A sell position would be ideal at $0.60 as corroborated by the yellow line of the TDI indicator trending above 63 on the 1hr timeframe. Additionally, $0.60 appears to be the test limit to verify the appetite of potential buyers and so far, there is little insensitive to keep buying above $0.60. Moreover, the daily timeframe shows consistent rejection of prices above $0.60
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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.