Sat, May 08, 2021 @ 22:06 GMT
Home Contributors Technical Analysis NZD/USD Potential Bounce Off The W H3 Camarilla Pivot

NZD/USD Potential Bounce Off The W H3 Camarilla Pivot

The NZD/USD Is bullish on h1 timeframe. We might see a bounce off the W H3 Pivot towards D H3.

The Kiwi has been gaining strength vs the USD and it s clearly reflected on the chart. 0.6826-36 is the POC zone and the bounce targets 0.6848 with a final ATR projection/confluence at 0.6877. Only a close below 0.6814 might put the pair into a neutral territory again. For all bulls, pay attention to W H5- 0.6887 as the pair is unlikely to break this level unless a strong momentum takes place.

The NZD/USD is a slow-moving pair and that is reflected on it ATR numbers, so patience is needed. In the wake of Brexit data, headlines and news, the NZD/USD is a safer pair to trade.

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