Preferred direction: BUY
Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar, well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1.
Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018. Above the level of 0.60713 the target is not considered.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Once again, we are considering the New Zealand dollar together with the Australian dollar, well, this is not surprising given their high correlation. Here, too, a recovery is expected in the medium term, but not everything is so simple, and still, before growth, there will most likely be updates to local lows. A more optimistic scenario is exactly what it looks like and can be found on the chart within scenario №1.
Scenario №2 is more aggressive on the part of the seller, and here it would be best to look for long-positions at the support level of 0.59018. Above the level of 0.60713 the target is not considered.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
