NZDUSD ANALYSIS JANUARY 2021

ANALYSIS 26-Jan-2021

BULL or BEAR?

ANALYSIS 25-Jan-2021

CMP: 0.7206; RES: 0.7316; SUP: 0.7095
As per my primary scenario, I expect big correction towards 0.6725-0.6567 before next rally.
Alternative Scenario: Can go to 0.7316/0.7366 and fall to downside target.

Weekend Analysis 16-Jan-2021

CMP: 0.7130; RES: 0.7240/0.7316
As long as the above resistances hold, we can see more down side.
Downside targets: 0.7135 (done), 0.7071-0.7060(normal target), 0.7031-0.7020, 0.6967-0.6897  (ultimate target), extension 0.6843, 0.6793

ANALYSIS 13-Jan-2021

CMP: 0.7182; RES: 0.7239/0.7315; SUP: 0.7143
As long as the above resistances hold and a break of 0.7143, we will see 0.7069-0.7030, 0.6955-0.6941.

 

ANALYSIS 11-JAN-2021

CMP: 0.7192; RES: 0.7322; SUP: 0.6993
NZDUSD has done it's normal upside target between 0.7210-0.7322.
Possible extension can be 0.7488, 0.7638.

If 0.7322 is the top and a break of 0.6993, we can see 0.6821, 0.6725, 0.6569...