NZDUSD DUO DIRECTIONAL SETUP! (BULL VS BEAR!)
Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. However, we are back to another one of the most traded currency pairing of all time, NZDUSD.
NZDUSD has been very bullish for the past few weeks. Price has been bullish since broke above the daily downtrend. As of now, bull has been fighting with the bear due to the fact that covid19 fear has re-immerse around the globe. Therefore, safe haven currency such as USD has been favorable for the past few days.
We believe that a break of H4 uptrend (as shown) will expose the price to 0.6493 (as indicated with arrow), while failing to break the minor uptrend would push the price to 0.6640.
Therefore, I would suggest all traders to wait for either a break below of the uptrend or a break above 0.6594 so to go for either buy or sell.
Happy trading, traders! Remember to always control your risk properly and it's always you versus yourself, not you versus the market.
NZDUSD has been very bullish for the past few weeks. Price has been bullish since broke above the daily downtrend. As of now, bull has been fighting with the bear due to the fact that covid19 fear has re-immerse around the globe. Therefore, safe haven currency such as USD has been favorable for the past few days.
We believe that a break of H4 uptrend (as shown) will expose the price to 0.6493 (as indicated with arrow), while failing to break the minor uptrend would push the price to 0.6640.
Therefore, I would suggest all traders to wait for either a break below of the uptrend or a break above 0.6594 so to go for either buy or sell.
Happy trading, traders! Remember to always control your risk properly and it's always you versus yourself, not you versus the market.