nzdusd price technical analysis forecast

How High Can Kiwi Climb?

NZD/USD suggest the bullish trend plus the pattern that appear in the charts
Saucer Bottom trading :
Reversal pattern that appear with a small bowl shape and it occurs with a bottom at its bowl works for long-term trading volume. This chart pattern matches defines a long-time consolidation time which executes from bearish to bullish conception. Basically, the rounding bottom is deliberated as a bullish signal that describes a reversal trading. The rounding bottoms look more alike the alphabet U and it is described as rounding turns, saucers and bowls. Consolidation will happen when it descents down during the bottom of series. The V-shaped chart pattern gives yielding returns and it remains reliable in bringing results
unless breaking 0.6570 levels down will illuminate the scenario
Resistance stay in 0.68 – 0.69 – 07 keeps the positive scenario valid and active From fresh 2015 lows, touched in Sept., the pair has managed to register a descent recovery level of its April to Sept. downfall. Hence, from current levels the pair seems more likely to continue with its near-term recovery trend towards an important resistance confluence. 
 it is likely to extend its near-term upward trajectory immediately towards 0.6710-20 intermediate resistance before aiming towards 38.2% Fib. Retracement level resistance near 0.680o area. On the downside, 0.6570 seems to provide immediate support. 
Weakness below will cancel the scenario

nzdusd price

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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