NZD/USD New Wave of Buyers After the Retracement

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The NZD/USD positive trend continues. Bulls have been in the zig-zag wave since 0.6580 zone and we should expect even more continuation to the upside.

At this point we see a confluence within the POC zone 0.6882-0.6889. A rejection off the zone should aim for 0.6920 followed by 0.6945. A close above 0.6945 should move the market move up to 0.6978. Today is profit taking day so get ready for two way price action as buying the dips continues.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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