NZD/USD Potential Bounce Off the W H3 Camarilla Pivot

Hi traders,

The NZD/USD Is bullish on h1 timeframe. We might see a bounce off the W H3 Pivot towards D H3.

The Kiwi has been gaining strength vs the USD and it s clearly reflected on the chart. 0.6826-36 is the POC zone and the bounce targets 0.6848 with a final ATR projection/confluence at 0.6877. Only a close below 0.6814 might put the pair into a neutral territory again. For all bulls, pay attention to W H5- 0.6887 as the pair is unlikely to break this level unless a strong momentum takes place.

The NZD/USD is a slow-moving pair and that is reflected on it ATR numbers, so patience is needed. In the wake of Brexit data, headlines and news, the NZD/USD is a safer pair to trade.

The analysis has been done with the CAMMACD.MTF template.

Join Elite CurrenSea’s Forex and CFD seminar in Croatia on March 14th.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire

More From FXEMPIRE:

• AUD/USD Price Forecast – Australian dollar continues to hover over support

• USD/JPY Price Forecast – US dollar continues to press higher

• EUR/USD Price Forecast – Euro continues to recover

• Brexit Bombshell, Another Brexit Vote Due Today, Futures Up But Fears Linger

• May’s Latest Brexit Loss Marks More Political Turmoil For Pound Ahead

• E-mini S&P 500 Index (ES) Futures Technical Analysis – March 13, 2019 Forecast