NZD/USD 4-hour: Consolidating.
Invest Diva positioning: No positions.
Technical reasons why: The pair is consolidating around the pivot level at 0.7617 above the Ichimoku’s cloud. The RSI is at the neutrality area.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
0.7823 | 0.7904 | 0.8066 |
0.7222 | 0.7085 |
USD/CAD 4-hour: Moving towards the key support level.
Invest Diva positioning: Short positions below 1.2524 with targets at 1.2390 and 1.2237 in extension.
Technical reasons why: The pair moves towards our first bearish target at the key support level at 1.2390 below the Ichimoku’s cloud. The RSI keeps moving below the neutrality area.
Alternative Scenario: Above 1.2524 look for further upside with 1.2659 and 1.2747.
Where I’m setting my stops and limits:
Support Levels | Turning Point | Resistance Levels |
---|---|---|
1.2390 | 1.2524 | 1.2747 |
1.2337 | 1.2659 |
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.