NZDUSD Faces Strong Support Near 0.5582

17 Oca

NZDUSD Faces Strong Support Near 0.5582

NZDUSD has confirmed for the third time that 0.5582 is a very strong zone. Considering that the economic calendar will be almost empty in the second part of the day, there will be no significant events to push the price below this zone, thus increasing the chances for NZDUSD to benefit, at least in the short term.

If the price holds above 0.5582, it should rise to 0.5620, where it will face its first minor resistance zone. In the best scenario, it may extend up to 0.5640 today, though this is more likely to happen next week.

It is better not to keep this trade open over the weekend.

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

17 Oca

Not

NZDUSD - near to the first target and may rise more during the coming hours

20 Oca

İşlem kapandı: hedefe ulaştı

20 Oca

Not