NZD/USD Daily chart technical analysis.
Sentiment: Bullish inside red channel. (Bearish)
Trend Strength: Moderate
Pair fell from R1 which was our selling place last week.
To confirm further rise need close above R1.
R1 is also Weekly resistance zone that's why need Weekly candle close above it.
Close below S1 and next stop will be channel support.
Close below channel would be sign of weakness.
Trend Strength: Moderate
Pair fell from R1 which was our selling place last week.
To confirm further rise need close above R1.
R1 is also Weekly resistance zone that's why need Weekly candle close above it.
Close below S1 and next stop will be channel support.
Close below channel would be sign of weakness.
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