NZDUSD and a Confluence of Supports
NZDUSD looks like its forming a nice floor where a lot of key technical levels and indicators are at.4H Moving Averages:
NZDUSD was able to get above key moving averages in the 4H timeframe and it has held well so far.Weekly Higher Lows Trendline:
Even after some attempts of breaking the trendline it has held so far and looks like it was able to get back above it
The Daily 200MA should provide decent resistance but its also possible that it might still break through it to test the 0.73 level once more
Entry: 0.70237
Stop: 0.697
Profit: (tp1) 0.7137 (tp2) 0.73368
Any feedbacks are appreciated!
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.