NZDUSD STRONG DOLALR DUE TO SENTIMENT FED

8 Haz 2023

On NZDUSD, we have a bearish setup around 0.6048, with the price touching a trendline three times. Currently, the price is within an imbalance zone after yesterday's strengthening of the dollar. The expectation is to wait for the price to reach 0.5970 for the potential creation of a long pattern, with the AUD recovering all the lost liquidity in recent days. However, everyone is waiting for the upcoming FED meeting next week, and the markets are currently showing very little movement.
What are your expectations?
Happy trading to all.

Nicola, CEO of Forex48 Trading Academy.

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