⚡️Strifor || NZDUSD-11/01/2024
Preferred direction: SELL
Comment: The New Zealand dollar is also expected to fall. Here, the situation is exactly the same as with AUDUSD. An accumulation formed at the level of 0.62359, filled with purchases (long-orders). The publication of inflation data in the US is expected, against the background of which a downward impulse may happen.
Also, due to the data, at the time of publication there may be increased volatility, we do not exclude a potential false breakout of the upper limit of accumulation (scenario №2), after which we wait for the target price at the level of 0.61263.
Thank you for like and share your views!
Comment: The New Zealand dollar is also expected to fall. Here, the situation is exactly the same as with AUDUSD. An accumulation formed at the level of 0.62359, filled with purchases (long-orders). The publication of inflation data in the US is expected, against the background of which a downward impulse may happen.
Also, due to the data, at the time of publication there may be increased volatility, we do not exclude a potential false breakout of the upper limit of accumulation (scenario №2), after which we wait for the target price at the level of 0.61263.
Thank you for like and share your views!
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