NZD/USD Potential Bounce Off the W H3 Camarilla Pivot

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The NZD/USD Is bullish on h1 timeframe. We might see a bounce off the W H3 Pivot towards D H3.

The Kiwi has been gaining strength vs the USD and it s clearly reflected on the chart. 0.6826-36 is the POC zone and the bounce targets 0.6848 with a final ATR projection/confluence at 0.6877. Only a close below 0.6814 might put the pair into a neutral territory again. For all bulls, pay attention to W H5- 0.6887 as the pair is unlikely to break this level unless a strong momentum takes place.

The NZD/USD is a slow-moving pair and that is reflected on it ATR numbers, so patience is needed. In the wake of Brexit data, headlines and news, the NZD/USD is a safer pair to trade.

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

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