NZDUSD weekly outlook
The kiwi has held its narrow range between the 50% fib retrace @$0.69 & $0.673 which has been a solid pivot area. Now alongside those 2 levels we have 2 moving averages. The 200 day joins the bottom of the range & the 200 week joins the top.
The key formation though is the triangle (purple dashed) so a push through the 200 day and the lower slope of the triangle comes in @$0.665. A break through the 200 Week targets the upper slope. Always keep in mind the long-term pitchfork formation (Blue).
Daily
A shorter term triangle is forming & both slopes also coincide with the moving averages
4 Hour
The key formation though is the triangle (purple dashed) so a push through the 200 day and the lower slope of the triangle comes in @$0.665. A break through the 200 Week targets the upper slope. Always keep in mind the long-term pitchfork formation (Blue).
Daily
A shorter term triangle is forming & both slopes also coincide with the moving averages
4 Hour
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.