Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Wednesday September 13, 2023.
September 13, 2023 8:27 am
On the 4 hour chart of NZD/USD commodity currency pairs, there is the appearance of Bullish 123 pattern followed by Bullish Ross Hook as well as the confirmation by the three important levels from CCI indicator which is managed to break above and now stuck around level 0-100, so in the near future, Kiwi has the potential to appreciate rally upside where as long as there is no downside correction below the level 0,5865, then NZD/USD has the potential to rally up to the level 0,5931 as the main target, and if the momentum as well as the volatility is sufficiently supportive, it is possible that the 0.5980 level will be the next level to be tested.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the 4 hour chart of NZD/USD commodity currency pairs, there is the appearance of Bullish 123 pattern followed by Bullish Ross Hook as well as the confirmation by the three important levels from CCI indicator which is managed to break above and now stuck around level 0-100, so in the near future, Kiwi has the potential to appreciate rally upside where as long as there is no downside correction below the level 0,5865, then NZD/USD has the potential to rally up to the level 0,5931 as the main target, and if the momentum as well as the volatility is sufficiently supportive, it is possible that the 0.5980 level will be the next level to be tested.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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