Forex

NZD/USD Ascending Towards 0.6900 Zone

July 26, 2018

1 min read

tarantula fx

Head of Trading

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Hi traders,

The NZD/USD has been in a steady rise and technical analysis suggests a possible bounce towards 0.6900 zone.

Buyers in the 0.6790-0.6805 might be waiting on a pullback. We can see a confluence of BB, trend lines and ATR pivot. If we see a bounce from the zone, next targets are 0.6850 followed by 0.6875 and possibly 0.6895. Only below 0.6760 this scenario will become invalid. Look for bounces within the zone, and the continuation of a bullish trend.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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