NZDUSD Analysis March 6, 2022
On the weekly timeframe we had an unexpected surge to the upside with a 180 pip candle coming in last week closing bullish. We currently sit near the 0.6800 level. Considering the amount of bullish momentum here, price could break the key resistance level and head to the upside. Between 0.69350 area and 0.68600 area we are looking at key resistance levels.
On the h4 timeframe price is currently in a strong uptrend. We are at a high point. There is not much we can do in forms of buys right now. We can look to play the pullback of the resistance level buy waiting for a consolidation and a break to the downside.
On the h4 timeframe price is currently in a strong uptrend. We are at a high point. There is not much we can do in forms of buys right now. We can look to play the pullback of the resistance level buy waiting for a consolidation and a break to the downside.