NZDUSD Breakout Opportunity Developing (July 11th, 2023)

NZDUSD forex technical analysis for July 11th, 2023
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_________________ CHAPTERS _________________

0:00 Intro
0:11 NZDUSD Wedge Pattern
1:40 DXY Breakdown
4:58 NZDUSD Trade Plan

NZDUSD has formed a massive wedge pattern on the daily time frame that should offer a lucrative breakout later this year.

The question is, which way will it break?

While the pattern requires patience, the eventual breakout promises to be worth the wait.

Today’s video discusses trade ideas for both a bullish and bearish scenario, including targets.

I also discuss a US Dollar Index (DXY) breakdown on Monday.

We’ll look at what could invalidate the DXY breakdown and a confluence of support for the dollar index you won’t want to miss.

*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

#forex #forexsignals #nzdusd