NZD/USD
Tricky situation on this pair. There is some upward momentum over the long-term NZD/USD is trying to carve out a bottom for itself. however, it already bounced at a high level with daily 200 support. Time will tell when or if the lower levels will come into play. At this moment they are only semi golden and at least one of the confluence factors, either the 61.8 fib or the TL must come into play for me to consider a long.
Tricky situation on this pair. There is some upward momentum over the long-term NZD/USD is trying to carve out a bottom for itself. however, it already bounced at a high level with daily 200 support. Time will tell when or if the lower levels will come into play. At this moment they are only semi golden and at least one of the confluence factors, either the 61.8 fib or the TL must come into play for me to consider a long.