JinDao_Tai

Can NZD/USD continue higher??

Kort
JinDao_Tai Uppdaterad   
FX:NZDUSD   Nyzeeländsk dollar/USA-dollar
4
The NZD/USD move which started on 12th May, has climbed almost 350 pips upwards.
But it has halted at resistance level 0.7225

Will the kiwi continue its climb or reverse at this point?
A strong reversal would require several conditions to occur
1) failure of price to break resistance to move higher
2) strong FOMC commentart, leading to stronger USD
3) weak NZD economic GDP data

If these conditions are fulfilled, we could see a big move downwards on the nzd/usd
Order avbruten:
Price was not able to break below/bounce off resistance level

Free trading community: discord.gg/b7X35tDD4T

Trading Course in Dubai www.jindaotai.com/apt-june
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.