NZD USD
Latest NZD USD Analysis and Forecast
Updated October 14th, 2021Surge see shift to topside, maybe for key .7093
Day trade update and view
An aggressive, strong rally on Thursday through .6982/90 targets .7027 resistance and to reverse the down trend line from mid-September, rejecting bear forces from the late September plunge through multiple supports including our key level at .6978 (for an intermediate-term bearish shift), switching the bias to the upside Friday.
Day trade setup
- We see an upside bias for .7041 and .7055; a break here aims for key .7093 and maybe .7118.
- But below .6993 opens risk down to .6953/50 and possibly .6909/04.
Intermediate-term outlook
The late September sell off through key .6978 signalled an intermediate-term shift to a bear trend.
- Downside risks: We see an intermediate-term bear trend to aim for .6803 and .6682/88.
- What changes this? Above .7093 shifts the intermediate-term bear trend straight to an intermediate-term bull trend.
NZD USD Calendar
15/10/21 China Retail Sales; US Retail Sales
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Other major currency pairs
BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.
Hellow my name is Deogratius Bosha. I am from Tanzania, i trade using Price action strategy and i use Swing method of trading. I use Stochastic as a default indicator. I trade on trending and consolidating market, i do not trade on choppy market
Hi Deogratius, thank you for your comment.
How has your trading been going?