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FX.co ★ NZD/USD: IPDA 60-Day Range For April 16, 2020

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Forex Analysis:::2020-04-16T03:31:43

NZD/USD: IPDA 60-Day Range For April 16, 2020

NZD/USD: IPDA 60-Day Range For April 16, 2020

The NZD/USD pair at 4-hour chart is now in the Discount Array Area. The pair will try to go up, especially for the reason that the kiwi must fill the Liquidity Void (Maroon Rectangle). This move will enable the kiwi to gain bullish momentum, So, the pair could reach 0.6127 as the first target and 0.6196 as the second target as long as this pair not retrace downwards deeper than below 0.5840.

The overall bias of NZD/USD is bullish.

(Disclaimer)

Analyst InstaForex
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