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Ndusd

Ndusd

NZD/USD Signal - USD Mortgage Applications - 20 Oct 2021 NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend. We will be covering this position quickly.

Short

NZDUSD AT DAILY RESISTANCE As we clearly see, NZDUSD has built up momentum back to the previous daily resistance. Would could happen? As this is a known area of resistance, we could see price dip below from here. However, even if price could continue to move up, we could see multiple stalls at the level before a final break above it. We're waiting for price action to develop at this key region before picking up directions.

by Men_of_The_Markets

NZDUSD buy opportunity We have found some good support at .6200 and I see us heading to the red ribbon zone for a 3rd touch on the upper band of this channel From there we will decide if we need to drop farther than .6200 or we consolidate for a monthly and weekly swing to .7000 zone Resistance will show around .6490 as we approach .6500 and the 200 MA orange line. Price is above coil on daily which is good news for bulls.

Long

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