NZDUSD Potential Buy Sell Areas

2019-12-26 17:03:33

Hello Traders, I hope you will be trading really well today. Here is my analysis of NZDUSD

Monthly Time Frame

NZDUSD created demand zone on monthly time frame.
Demand Zone 0.6200-0.6400

Supply Zone:
0.6800-0.6975

On Monthly time frame, NZDUSD is to buy.

Weekly Time Frame:

Demand Zone:
0.6325-0.6450
Supply Zone1:
0.6675-0.6790
Supply Zone2:
0.6850-0.6940

NZDUSD may retrace a little bit on weekly time frame, so I am looking for sell opportunity on weekly supply zone.

Daily Time Frame:

Supply Zone: 0.6700-0.6790
0.6350-0.6450
I am looking for sell opportunity on daily time frame and daily supply area.

Good luck for your trading and have a nice day.