NZDUSD: Oversold Market & Pullback ๐ณ๐ฟ๐บ๐ธ
https://www.tradingview.com/x/rNcQ6bUl/
As I predicted, NZDUSD dropped heavily after the release of Retail Sales
data on Monday.
Analysing a price action today, I see that the pair became heavily oversold.
The price formed a falling wedge pattern and a narrow horizontal range within.
Bullish violation of the resistances of the wedge and the range indicate a highly
probable coming pullback.
Targets: 0.5925 / 0.5936
โค๏ธPlease, support my work with like, thank you!โค๏ธ
As I predicted, NZDUSD dropped heavily after the release of Retail Sales
data on Monday.
Analysing a price action today, I see that the pair became heavily oversold.
The price formed a falling wedge pattern and a narrow horizontal range within.
Bullish violation of the resistances of the wedge and the range indicate a highly
probable coming pullback.
Targets: 0.5925 / 0.5936
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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