NZDUSD Analysis May 30, 2021
On the weekly timeframe price is still respecting the monthly level of resistance. We can clearly see that there is a serious resistance level at 0.72900 area. If we are going to short it should be when price is back in that zone. https://www.tradingview.com/x/a4ulNyHP/ On the H4 timeframe price broker a level of resistance heading into a downward trend. We will look for price to retest the 0,72700 level at a minimum before going short!
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NZDUSD Analysis May 30, 2021
New Zealand Dollar/U.S. Dollar FX:NZDUSD
On the weekly timeframe price is still respecting the monthly level of resistance. We can clearly see that there is a serious resistance level at 0.72900 area. If we are going to short it should be when price is back in that zone.
