The recent market condition on NU has been range bound, bouncing between the 0.7310 & 0.7108 S&R zones. In today's trading session, I will remain neutral bias. Two possibilities that I am looking at
1. If it finds bullish momentum, that could send NU towards the 0.7310 resistance zone (Bullish)
2. If sellers steps in, that could expose 0.7105 as the nearest support zone (Bearish)
The overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. If it finds bullish momentum, that could send NU towards the 0.7310 resistance zone (Bullish)
2. If sellers steps in, that could expose 0.7105 as the nearest support zone (Bearish)
The overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.