NZD/USD 2 POC Zones For Possible Rejections

By Admiral Markets

The NZD/USD has been in a steady uptrend and we can see the price above W L3 and D L3. The POC zones that we see at this point are clearly shown on the chart as POC 1 and POC 2. The POC1 0.7390-0.7405 (D L3, W L3, 23.6,EMA89) and POC2 0.7370 – 80 (ATR low, 38.2, D L5) could reject the price and as long as the price is above W L4 0.7345 , the bulls will have the upper hand. Targets are 0.7470 and 0.7505.

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W L3 – Weekly Camarilla Pivot (Weekly Interim Support)

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W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

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Article by Admiral Markets

Source: NZD/USD 2 POC Zones For Possible Rejections

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