New Zealand Dollar comes first to Buy deal

2 min read
Traderassist

Yaroslav Mudryi

Forex broker

Hi traders,

The NZD / USD currency pair could not overcome the resistance zone 0.6450-0.6430 and at the moment the price has come to the first point for a Buy transaction.

More information about 2 points where you can consider a deal on Buy:

  1. Buying when approaching the lower border of the ascending, accelerated channel. At the moment, the price has already reached the border, but there was no confirmation of the purchase! Confirmation of a reversal will be a breakdown and price fixing above the intermediate level 0.6388 + a breakdown of a downtrend short-term trend. The main goal where you can expect a profit is the trend with W1, and the level of 0.6430 is well suited for transferring a transaction to the BU or closing the first profit.
  2. The price hike is even lower to the area of ​​0.6345-0.6325. The price may well not give confirmation of the purchase from the first point, but take it and go lower, closer to the less accelerated trend. Here it will be necessary to buy according to the situation, since the price may stray from the zone 0.6345-0.6325, as well as reach the trend line and only then continue the upward movement.

Good trading,
Yaroslav Mudryi.

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