NZD/USD Testing Critical 1Y PP: Imminent Downside Expected
Hello Everyone,
The NZD/USD pair is currently testing the one-year pivot point (1Y PP). If this level acts as resistance, we can expect a downside movement from here. Conversely, if it breaks through, further upside potential may precede the eventual decline. In the long term, NZD/USD is definitely a sell and is anticipated to enter bearish territory soon.
TradeWithTheTrend3344
The NZD/USD pair is currently testing the one-year pivot point (1Y PP). If this level acts as resistance, we can expect a downside movement from here. Conversely, if it breaks through, further upside potential may precede the eventual decline. In the long term, NZD/USD is definitely a sell and is anticipated to enter bearish territory soon.
TradeWithTheTrend3344
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.