There is an interesting technical pattern on NZD/USD. A rather strong resistance level (0.7330) has formed during this trading week. The price is testing this mark now. I don’t exclude the development of a downward trend. I’ll open positions from the key levels.
I’ll open longs if the price overcomes the 0.7330 resistance level. Potential movement - to 0.7375.
There may be a corrective movement if the price fixes below the 0.7300 round level. Target movement - to 0.7260.
I’ll open longs if the price overcomes the 0.7330 resistance level. Potential movement - to 0.7375.
There may be a corrective movement if the price fixes below the 0.7300 round level. Target movement - to 0.7260.