NZD/USD Bullish Structure at W L3 Pivot

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The NZD/USD has formed a bullish structure at the W L3 pivot and we might see a bounce.

Another strong rejection above W L3 will be a sign that price wants to proceed upwards. If we see that price is bouncing then W H3 W H4 and W H5 should be targets until the end of the week. However, a drop below the W L3 – 0.6690 and the price might get easy to the POC 2 0.6610-20 zone. That is the last chance for buyers to join the fray and push the price up.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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