NZDUSD Analayis January 2021

CMP: 0.7197; Sup: 0.7001/0.6541

As per my analysis, we are in the last move of this up trend and nearing top.

Upside target zone 0.7200-0.7450.

As of now support lies at 0.7001. Base support is at 0.6541.

Soon NZDUSD can start correction and expecting it to move towards 0.6700-0.6300.

Break of 0.7001 initial confirmation of down move.

NZDUSD: More Fall? 28-Jan-2020

CMP: 0.6545; Res: 0.6627/0.6666
As long as 0.6627 resists, we can still see 0.6507-0.6470.

Above 0.6666 view invalid. Note: min tgt done at 0.6543. But still more downside possible.

NZDUSD: Upside Correction? 26-Jan-2020

CMP: 0.6606; Res: 0.6628/0.6755; Sup: 0.6578

Break of 0.6578 more down.

Scenario 1: If 0.6578 supports and a break of 0.6628, we can see 0.6645, 0.6663, 0.6686, 0.6702.
Scenario 2: Reversal from 0.6680-0.6713 and if 0.6755 resists, we can see 0.6578 again and further 0.6507, 0.6470...

Break of 0.6755 next up move as wave 5.

NZDUSD: Short Term Up? 24-Jan-2020

CMP: 0.6613; Sup: 0.6580 Res: 0.6665/0.6753
As long as 0.6580 supports, we can see 0.6664 again and fall towards the down side target region 0.6507-0.6477.

NZDUSD: Morning View 22-Jan-2020

CMP: 0.6592; Res: 0.6655/65; Sup: 0.6583.
As per the moves, i suppose we are in bigger correction. Break of 0.6583, can show 0.6542, 0.6507, 0.6477, 0.6411, 0.6388.

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.

FX: NZDUSD - Trade Ideas

21-Jan-2020
CMP: 0.6602; Sup: 0.6589/0.6583; Res: 0.6663/0.6753
As long as 0.6583 supports, we can see 0.6630-0.6636...
Above 0.6663, bullish. Break of 0.6583 more down towards 0.6551, 0.6507-0.6477...

NZDUSD: Medium Term Bull? 18-Jan-2020

CMP: 0.6612; Res: 0.6666; Sup: 0.6603/0.6583/0.6464 (base support)

As long 0.6589/0.6583 holds, support, we can see 0.6663 again and further 0.6684-0.6703.

As per 1H Chart, wave 4 can form as a triangle, which can last for days/weeks/months, before next shoot up.

Based on 4H chart, as long as 0.6583/0.6464 holds support, We wukk see 0.6753 initially and further 0.6845, 0.6932, 0.7008-0.7046 (ultimate target).