Hello Traders, I hope you will be trading really well today. Here is my analysis of NZDUSD
Monthly Time Frame
NZDUSD created demand zone on monthly time frame.
Demand Zone 0.6200-0.6400
Supply Zone:
0.6800-0.6975
On Monthly time frame, NZDUSD is to buy.
Weekly Time Frame:
Demand Zone:
0.6325-0.6450
Supply Zone1:
0.6675-0.6790
Supply Zone2:
0.6850-0.6940
NZDUSD may retrace a little bit on weekly time frame, so I am looking for sell opportunity on weekly supply zone.
Daily Time Frame:
Supply Zone: 0.6700-0.6790
0.6350-0.6450
I am looking for sell opportunity on daily time frame and daily supply area.
Good luck for your trading and have a nice day.