Helo Traders,
NZDUSD is facing a bullish move inside the local wedge highlighted by the yellow trendlines.
Probabilities for a next leg up in 0.63 levels are very high considering Wednesday's NZDUSD forex options expiration with 997M NZ$ staked.
Levels to watch are:
Local support around 0.6179-0.6190
Point/Price of control 0.6195
Target 0.6280-0.63
An invalidation of the model will be if a 1H candle + a confirmation close below 0.6179
NZDUSD is facing a bullish move inside the local wedge highlighted by the yellow trendlines.
Probabilities for a next leg up in 0.63 levels are very high considering Wednesday's NZDUSD forex options expiration with 997M NZ$ staked.
Levels to watch are:
Local support around 0.6179-0.6190
Point/Price of control 0.6195
Target 0.6280-0.63
An invalidation of the model will be if a 1H candle + a confirmation close below 0.6179