NZD Ready for take corrective move against USD & others pairs

Nzdusd Trading around 0.7245 level after touching its high 0.7550 now Trading around 0.7245 where on daily chart we can see below 0.7200 is Strong Demand zone where big Support around 0.7160. Pair if hold above 0.7160 we can see a jump toward 0.7350-0.740. buying from current level can b little risky. who wanna take risk can start buying.

Ideal levels : Buy in range of 0.7220-0.7180 SL 0.7140 TP 0.7350-0.740.

NZD is overall oversold with its cross pairs. So be Careful to Sell nzd with its cross pairs.

Expected a big jump we can see in nzd against Cross pairs too

Eurnzd cmp 1.6460 strong Resistance 1.660 Expected 1.61-62
nzdcad cmp 0.9030 Strong support 0.8950 expected move toward 0.9200
nzdjpy cmp 79.15 Resistance 80.5 Expected 77-77.5

Kommentera:

nzdjpy if hold above 79.5 on daily closing then it can go for 80.3-80.5 where breakage of 80.5 and daily closing above can change its trend and Target 82-83