Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is overall bearish but the last months are strong bullish.
Weekly: The last weeks are bullish.
Daily: We can recognize on the daily timeframe a bullish trend.
H4: We draw the counter trendline on the H4 timeframe. We see a clear break. As well the price touched the daily support. The target is the daily resistance.
Have a nice day.
Let's start with the Top Down Analysis.
Monthly: The monthly timeframe is overall bearish but the last months are strong bullish.
Weekly: The last weeks are bullish.
Daily: We can recognize on the daily timeframe a bullish trend.
H4: We draw the counter trendline on the H4 timeframe. We see a clear break. As well the price touched the daily support. The target is the daily resistance.
Have a nice day.