NZDUSD is being on a downtrend for some days already and its so far respecting the descending trendline (yellow), now it looks like it'll test it one more time.
We have a confirmed support level at .67200 and a slighty RSI bullish divergence.
Should price break and close above the descending trendline its possible to aim current resistance AND sma200 at .68000 zone.
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코멘트
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Good and solid breakout, and the FED today doesnt give good news to USD.
50EMA showed some resistance, lets see how P.A will behave now.
코멘트
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50 ema were a big resistance, now looks like nzdusd will re-test current bottom, if the support is broken with a h4 candle closing under, then its better to exit this long position
코멘트
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Good pin bar on support level, if the candle doesnt close under this level then the upside is still possible, lets see how it'll behave now.