EUR/NZD Macro Vision
🔸WEEKLY CHART EXPLANATION:
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🔸Price bounced at the Confluence Zone between the Ascending Channel and the Resistance Zone.
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🔸It did a strong downside move breaking the Support Zone (now Resistance Zone).
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🔸It has retested the zone again and we observe that was a strong rejection there. We consider that it has potential to reach the Ascending Trendline
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🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Confluence Zone between the Ascending Channel and the Resistance Zone.
.
🔸It did a strong downside move breaking the Support Zone (now Resistance Zone).
.
🔸It has retested the zone again and we observe that was a strong rejection there. We consider that it has potential to reach the Ascending Trendline
.
🔸 Will look for a lower timeframe bearish setup.
🔸 DAILY CHART ANALYSIS:
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