We predicted a choppy week for the NZDUSD, it started the week liquidating shorts that entered near the 0.71 levels before fulfilling the downside bias we had for the pair. As the trading week came to a close, the pair found strong resistance to the upside. The coming week will continue to be uncertain for this pair but bias remains to the downside.
BEAR CASE:
If there’s enough conviction, the all time low should be broken fairly easily in the coming week and should find some real support at ~0.68 levels
BEAR CASE:
If there’s enough conviction, the all time low should be broken fairly easily in the coming week and should find some real support at ~0.68 levels
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.