Tuesday, 21 January 2020

FX: NZDUSD - Positional Analysis 21-Jan-2020


CMP: 0.6603; Res: 0.6663/0.6753; Sup: 0.6583/0.6464

Primary Scenario:
As long as 0.6464 holds support, we will see 0.6753 again and ultimate target 0.6931-0.7006.
For medium term bullish scenario. 0.6464 must hold support.

Alt Scenario 1:
Can move down towards 0.6507 and reverse back to 0.6753 first.

Alt Scenario 2:
Can move towards 0.6507-0.6477 as weave A and move up towards 0.6600-0.6660 as wave B and follow up fall towards 0.642-0.6363.


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