Range reversal trade to the downside looking for price to head back down to range lows at 1.8523. Stop at 1.9240.
Rate of change (22 days) is starting to turn negative and my bet is that risk on currencies like NZD remain strong especially in pro inflation environments.
Rate of change (22 days) is starting to turn negative and my bet is that risk on currencies like NZD remain strong especially in pro inflation environments.
Stay Curious
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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.
Stay Curious
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.