Correction of NZDUSD, Look for Buy Confirmation

Intraday Preferences : BULLISH

Reference Area: 0.66762 - 0.66452 (look for BULLISH signal confirmation)

Support: 0.66762, 0.66452, 0.65949

Resistance: 0.67265, 0.67576, 0.67923

Comment:

Today's NZDUSD moves in a bullish bias, seen when this analysis is made the price is undergoing a correction.

For NZDUSD trading strategies based on forex technical analysis today we can look for buy signal confirmation if there is a correction to the area of ​​0.66762 - 0.66452. The target potential is up to the range 0.66952 - 0.67265.

Be careful if the price breaks below 0.66452 because it will potentially frustrate this bullish scenario.

Alternative Strategy:

A break below 0.66452 has the potential to be followed by a downward movement to the area of ​​0.66260 - 0065949. So before opening short positions make sure the price has actually broken below that level.