Hi traders,
NZDUSD looks extremely weak. The pair is under major moving average, Fibonacci retracement resistance, and there has been a death cross in the moving averages suggesting short term weakness.
Lows to be expected. The move down will be fast.
Best regards,
Tom_Killick
NZDUSD looks extremely weak. The pair is under major moving average, Fibonacci retracement resistance, and there has been a death cross in the moving averages suggesting short term weakness.
Lows to be expected. The move down will be fast.
Best regards,
Tom_Killick
Note
Despite a small pullback, bears are becoming strong again. I am expecting down move to carry on into the lows soon.Trade closed manually
Let's close any downside trade here, and wait for a new entry on the daily chart.
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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.