Pending Validation of Retest @ 72.2
Updated
Bullish on NZD mid term and assessing risk of short positions to ride down on the potential retest of 72.200 before long opportunities.
Event driven upside did not demonstrate tight spreads which suggests likelihood of short term upward momentum exhaustion.
Monitoring
Event driven upside did not demonstrate tight spreads which suggests likelihood of short term upward momentum exhaustion.
Monitoring
Comment
Appears that 77.750 is a major Fib confluence area and strong historical structural resistance level.Disclaimer
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