As we can see from the chart this pair has been in a long-term downtrend, and we're now at the top of the falling channel.
We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal.
I'm looking at overall NZD performance (NZDWCU) and how it sits against the various crosses, it's had a strong few weeks but I'm expecting across the board retracement from it.
For this pair a fail to break below 0.796 will leave a double bottom / HL and again signify a potential reversal in the making.
This week short for me.
We've seen support hold around 0.797 so my target will be just above this for a short position this week, a break above 0.8215 will invalidate, breaking both the channel and creating a HH, so this would suggest a potential reversal.
I'm looking at overall NZD performance (NZDWCU) and how it sits against the various crosses, it's had a strong few weeks but I'm expecting across the board retracement from it.
For this pair a fail to break below 0.796 will leave a double bottom / HL and again signify a potential reversal in the making.
This week short for me.
Note
Looking good so farTransaction en cours
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.