The New
Zealand Dollar versus the US Dollar has dropped from the 0.7600 level to the
0.7500 level and it looks like it wants to stall at that zone. It is possible
to see a bounce to the upside, but a breakout to the downside is also probable.
However, at the moment the price seems to be losing its bearish momentum around
the 0.7500 level. If we do see a breakdown of the 0.7500 level, then we could
wait for the pullback for a possible short entry.
It could be at a good turining point.
ReplyDeleteThank you for the helpful analysis!
ReplyDeleteWell spotted! It´s a important level.
ReplyDeleteGood point! I'll keep an eye on it.
ReplyDeletegood point. I will keep an eye on the price
ReplyDeleteI agree with your point of view.
ReplyDeleteTotally agree with it.
ReplyDeleteWhere is this going to lead? Who knows...
ReplyDeleteI will keep eye on the pair.
ReplyDelete