Strifor || NZDUSD-16/04/2024
Preferred direction: BUY
Comment: WThe buy-priority remains the same for the New Zealand dollar. Previously, we looked at a medium-term long trade, which is in progress and is in the accumulation stage.
If we talk about short-term prospects, we can consider the two scenarios shown on the chart. There is a high probability that the buyer will strengthen at current prices, so this potential movement is shown as scenario №1. Less likely scenario №2 cannot be ruled out. We set the target for this growth at the level of 0.59500, one can also consider target №2 at the level of 0.59857.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: WThe buy-priority remains the same for the New Zealand dollar. Previously, we looked at a medium-term long trade, which is in progress and is in the accumulation stage.
If we talk about short-term prospects, we can consider the two scenarios shown on the chart. There is a high probability that the buyer will strengthen at current prices, so this potential movement is shown as scenario №1. Less likely scenario №2 cannot be ruled out. We set the target for this growth at the level of 0.59500, one can also consider target №2 at the level of 0.59857.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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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.