Forex_League

NZDUSD Analysis April 12, 2020

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
On the H4 timeframe we broke above the 200 day moving averages. Which is our last line of defense. On the daily we have a lot of room before we reach our next key level of structure. I am expecting price to continue to rise based on currently structure. Let’s bump down to a lower timeframe to see if we can recognize any setups. On the H1 timeframe I am seeing a weakening trend. We will look for a break and retest of the resistance level before targeting higher
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.