Daily Analysis: NZDUSD For March 9, 2015
Nenad Kerkez | Mar 09, 2015 08:48AM ET
NZD/USD Demand turned into Supply
NZD/USD looks pretty interesting for trade to me. On the chart we can see that Ex demand zone has been turned it supply and we can easily spot a breakout point there. POC comes at 0.7405-15 zone ( H3, DPP , 50.0 fib ,breakout-retest point) and if we see a pullback to the zone, might be good for short trades. Considering previous ATR and confluence targets, NZD/USD is targeting 0.7305 and 0.7275.
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