NZD/USD Potential Rejection at the Weekly L3 Pivot

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The NZD/USD has been mostly ranging between W H4 and W Cm pivots. The bounce is possible.

From intraday perspective 0.6750-60 could be a bouncing spot for the pair. The zone is the confluence of H4 bands, ATR pivot, W L3 and historical buyers. A successful bounce should target 0.6785 followed by 0.6808. Only a close above 0.6808 could spike the pair towards the upper range target – 0.6833.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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