The NZD/USD pair has been in a prolonged bearish trend, driven by the strength of the DXY. However, a divergence has formed on the RSI, and the DXY is now facing resistance at its peak.
For the NZD/USD to establish a bullish reversal, it needs a break above the trendline resistance and 0.5900 levels, potentially targeting 0.6050 in the medium term. Otherwise, a sustained break below 0.5850 would confirm further downside risks.
If NZD/USD breaks above its resistance at 0.58848, it could signal a potential trend reversal. I plan to enter the trade at 0.58912, set my stop-loss (SL) at 0.58266, and aim for a take-profit (TP) at 0.59541.
For the NZD/USD to establish a bullish reversal, it needs a break above the trendline resistance and 0.5900 levels, potentially targeting 0.6050 in the medium term. Otherwise, a sustained break below 0.5850 would confirm further downside risks.
If NZD/USD breaks above its resistance at 0.58848, it could signal a potential trend reversal. I plan to enter the trade at 0.58912, set my stop-loss (SL) at 0.58266, and aim for a take-profit (TP) at 0.59541.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.