The market is testing the swap zone on a 4H timeframe.
NZDUSD
lost momentum near the resistance zone. The resistance zone was tested multiple times before, when the market was pushed lower several times. I expect a pullback from this zone because the market is near strong resistance. Furthermore, we have a divergence, which suggests that the market might pull back from its level. My target is a support level at 0.0.60330
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached:
The price hit TP
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