TECHNICAL ANALYSIS ON NZDUSD

14 thg 9, 2021

NZDUSD has been ranging in a bullish flag, gaining bullish momentum from 0.62800 support level to current resistance at 0.71700 creating another higher low after being bullish for 15 days, NZDUSD has been slightly indecisive having the market range 0.71500-0.70860 looking to the left side of the chart the zone of 0.71700-0.71500 from previous market structure that zone acted as a level of support inside the flag possibly the bears could take charge of the market from there but we need more confirmation and strength for that to happen to move the market bearish to 0.68200 closing the bulls or we stick with the bullish strength for a break and retest of market structure and close the bears at 0.73000 resistance level. Technically speaking📈📉📊