01.04.202012:38 Forex Analysis & Reviews: Trading idea for NZD/USD

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Good day, dear traders! I present to your attention, an analysis of the NZD / USD pair.

Last week, we successfully worked out the weekly platform using stop-hunting method.

Today, I suggest paying attention to the double bottom formed on March 27 and 31 in the D1 timeframe:

The chart above shows two short-term initiatives - a day and a local night. The short scenario will be updated from 0.597 to 0.6.

In the D1 timeframe, the picture looks like this:

The potential movement is 500p for 5 Zn. Possible profit will be at the breakout of 0.59.

Good luck in trading and control your risks!

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