Fading into NZDUSD move lower.

31 окт. 2022 г.

NZDUSD - 22h expiry - We look to Buy at 0.5750 (stop at 0.5675)

Previous support located at 0.5750.
Previous resistance located at 0.5800.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 0.5800 will confirm the bullish momentum.

Our profit targets will be 0.5900 and 0.5950

Resistance: 0.5800 / 0.5900 / 0.5950
Support: 0.5750 / 0.5700 / 0.5675

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