NZD reached area of short term resistance and exhibits oversold conditions therefore expecting some downside movement towards the 0.67-0.671 zone. Supported by strengthening of DXY (at time of writing) expecting upwards movement towards the 97.35 area where TL sits. However on the flip side should the pair move to the upside and clearly break through the 0.678 region next area to watch is 0.68 psycho area.
DXY:
DXY:
Trade closed: target reached
TP1 and 2 reached.
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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.