DXY, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY AT A GLANCE
17-JUN-2021
https://rajtechanalysis.blogspot.com/2021/04/nzdusd-analysis-april-2021.html
At a glance,
xxxusd nearing bottom or bottom is already in.
usdxxx nearing top or already top is in.
Let us see how the market is going to drive.
CMP: 0.7195; RES: 0.7321
As long as 0.7255/0.7321 resists, we can see 0.7050, 0.6610, 0.6320 before next bull move.
CMP: 0.7206; RES: 0.7316; SUP: 0.7095
As per my primary scenario, I expect big correction towards 0.6725-0.6567 before next rally.
Alternative Scenario: Can go to 0.7316/0.7366 and fall to downside target.
CMP: 0.7130; RES: 0.7240/0.7316
As long as the above resistances hold, we can see more down side.
Downside targets: 0.7135 (done), 0.7071-0.7060(normal target), 0.7031-0.7020, 0.6967-0.6897 (ultimate target), extension 0.6843, 0.6793
CMP: 0.7182; RES: 0.7239/0.7315; SUP: 0.7143
As long as the above resistances hold and a break of 0.7143, we will see 0.7069-0.7030, 0.6955-0.6941.
CMP: 0.7192; RES: 0.7322; SUP: 0.6993
NZDUSD has done it's normal upside target between 0.7210-0.7322.
Possible extension can be 0.7488, 0.7638.
If 0.7322 is the top and a break of 0.6993, we can see 0.6821, 0.6725, 0.6569...
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.