mikoaodu

NZDUSD SHORT - WE COULD BE IN FOR A BIG MOVE!

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Here I explain why NZDUSD could be on its way down to retrace some of its recent moves to the upside to 0.71000 or even further at 0.70000. We are very extended on the higher timeframes and a retrace could be happening soon for this pair.

Leave a comment if you agree, disagree or have any questions

Comments

Fully agree with the set up

Break of resistance I see the pair going long to 74

Break of major support zone of 70 I see the pair down to 68
+2 Reply
mikoaodu Reeceh92
@Reeceh92, Yep I agree, just have to wait patiently and see where price wants to go
Reply
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