NZDUSD - My theory is...
Hey Guys,
a lot of the analysis is on the chart. but basically we're generally in an uptrend. Price recently broke that uptrend support. Waiting to see if that support will pivot into a resistance. If so, We can short from 0.62907.
For now, we set a buy limit at 0.5 fibs level and set targets are 0.62412 then standby to go short only IF it fails to break 0.6281 level.
Good luck
a lot of the analysis is on the chart. but basically we're generally in an uptrend. Price recently broke that uptrend support. Waiting to see if that support will pivot into a resistance. If so, We can short from 0.62907.
For now, we set a buy limit at 0.5 fibs level and set targets are 0.62412 then standby to go short only IF it fails to break 0.6281 level.
Good luck
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