Price Will Go Up Very Soon... It's time to Buy
On Sep 2019, price bounced from very strong support which was intersection of 3 powerful long time supports, and started to go up since then.
Since Jan 2020, NZDUSD started a correction and recently in most of time frames below daily it os oversold and in hourly time frames shows divergence.
I showed 3 scenarios in my published idea in which in worst scenario price will never fall below 0.6350, because we have strong support since 2000 in that area, and then price will start to grow up again.
It's very probable that price will go up very soon in the area between %61.8 & %78.6 of Fibonacci because of divergence in timeframes below 4H.
Since Jan 2020, NZDUSD started a correction and recently in most of time frames below daily it os oversold and in hourly time frames shows divergence.
I showed 3 scenarios in my published idea in which in worst scenario price will never fall below 0.6350, because we have strong support since 2000 in that area, and then price will start to grow up again.
It's very probable that price will go up very soon in the area between %61.8 & %78.6 of Fibonacci because of divergence in timeframes below 4H.