NZDUSD is preferred to buy on dips.
NZDUSD - 24h expiry - We look to Buy at 0.6185 (stop at 0.6155)
Price action looks to be forming a bottom.
Price action has stalled at good support levels and currently trades just above here (0.6180).
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
Momentum is flat, highlighting the lack of clear direction.
Our profit targets will be 0.6260 and 0.6275
Resistance: 0.6225 / 0.6250 / 0.6275
Support: 0.6200 / 0.6180 / 0.6150
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Price action looks to be forming a bottom.
Price action has stalled at good support levels and currently trades just above here (0.6180).
Risk/Reward would be poor to call a buy from current levels.
A move through 0.6225 will confirm the bullish momentum.
Momentum is flat, highlighting the lack of clear direction.
Our profit targets will be 0.6260 and 0.6275
Resistance: 0.6225 / 0.6250 / 0.6275
Support: 0.6200 / 0.6180 / 0.6150
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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