IllyrianTrader

NZDUSD - 997M NZ$ Options expiration

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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

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