NZDUSD retests 0.7120
Login

NZDUSD retests 0.7120

Estimated Reading Time: 1 minute
Article Rating:
Based on 1 vote
Login to rate this article.

Orlando Gutierrez

Updated:
From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range.

The second scenario (as explained in one of our videos) was a break of the highs and a buy at the retest of the broken level. Price broke with the highs and we have been waiting for the rejection of the previous highs all week.

The kiwi pulled back 60 pips inside of a flag and we are positioned to go long on the breakout. Price rejected the previous broken level and we have detected a strong bullish divergence at these levels.

First levels to watch (first targets) should be the 0.7170 and we are swinging the rest for a possible 3.5% move

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News