NZD/USD Near 0.58952 as Tape Firms

Research preview

NZDUSD Hourly, Daily And Weekly Candle Charts NZDUSD is trading near 0.58784 against the daily pivot at 0.57938, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. NZDUSD H1 candlestick chartHourly price action with price near 0.58784 has a constructive tilt if the next retest holds. The price-action test is sellers closed the latest candle below its open inside a 0.58769-0.58814 candle range, the recent sequence is still pressing higher, while price is testing resistance near R1 0.58260. The trade idea needs the next hourly close should either defend the reaction zone or expose a false start; In relation to invalidation,...