NZDUSD 19 Sep 2023 on the Daily timeframe, it can be seen that the pair is still ranging between the 0.0 and 23.6 Fibo levels. it had tried several times to penetrate and break through the 23.6 Fibo level, but bounced back down to 0.0 Fibo. If referring to the stochastic indicator, it looks like there will be a crossing between the two moving averages which indicates a possible bullish trend will occur. If bullish is occurring, then go-long position can be an option for traders. But if the opposite happens, then go-short is an option. Stay alert to market movements, learn many indicators before making trading decisions.
