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Nzdusdforecast

NZDUSD where to look for buy opportunityNZDUSD is trading with a larger timeframe channel. Price is now approaching the support of this channel. I predict it to rise from the support level. I will wait for bullish reversal confirmation for long positions to the resistance of the channel. In the case where the support gets violated to the downside and see bearish continuation market structures, I will not be interested to enter any position. Friends, please support me with likes. Thank you.
Long
by Forexintelligence_NA
4
NzdUsd- Will it break resistance?Since the beginning of December, NzdUsd is trading in a range between 0.6750 and 0.6850. Also, if we consider the spike down to 0.67 the head, we can argue an H&S pattern forming on our chart with the neckline at 0.6850 At this moment the pair is trading exactly in this resistance/neckline and, considering that the previous leg up from 0.6750 has impulse we can expect a break. That being said, my preferred strategy is to buy dips and the target for bulls can be 0.7 important figure. This scenario is negated by a dive under 0.6750
Long
by Mihai_Iacob
2