Long on NZDUSD

2020-03-01 10:32:42

Price has previously bounced off the weekly level of support. This currency pair looks like it is about to cross the VWAP indicator (purple line), which may be a sign of a potential long towards the 200 EMA (orange line). The price action of this currency pair has also been consolidating at the current level of support while making higher lows on the lower time frames. Due to this information, this may be a potential long.