- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
- Price broke through the MVP line and rushed up. We consider this a sign for further NZDUSD price increase.
- The first target is at the level of the previous peak - 0.7195, and the second one, in case of an active price increase, is at the level - 0.7215
Chart & Analyst Comments
