NZD/USD Forex Analysis and Forex Signal

The NZD/USD is currently in a consolidation period on the D1 timeframe.

If we take a look at the Technical Analysis, we see that overall trend is in a short/neutral state.

The chart below shows that some traders are expecting a nice bull reversal using technical harmonics. RSI has exited and appears to be re-entering the 25 level (another indication that a reversal for a long position may be in sight).

If price breaks and holds above 0.65635, then we have a nice setup for a long entry.

If price breaks and holds below 0.649072, then we have a nice setup for a short entry.

Our long target range is 0.659369 – 0.662279

Our short target range is 0.646123 – 0.643357

Cheers to another successful week!

Receive Our New FREE 5 Part E-Course!

Get on the list for premium content directly to your inbox

I agree to have my personal information transfered to AWeber ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.