On this chart for NZDUSD 30m you can notice that the price is forming a Double bottom. The bottoms are bouncing from a strong resistance range that has been created from multiple low points starting from the 14th/15th of December 2023 ( Zoom out the chart so that you can see them ).
Additional confluences:
- MACD Bull cross
- RSI was oversold at the time of the first bottom and now it's showing reversal in momentum
Additional confluences:
- MACD Bull cross
- RSI was oversold at the time of the first bottom and now it's showing reversal in momentum
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Website - rtedinvesting.com/
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
Free Telegram Channel - t.me/rtedinvestingofficialfreechannel
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.