NzdUsd to maintain its range?
In the past month and a half, NzdUsd traded in a range between 0.7250 and 0.7100 (ignoring the short-lived spike above 0.7250 at the beginning of the year)
With DXY looking ready for a new leg up I expect Kiwi to also roll back to at least the bottom of the range at 0.71.
Also a sell trade with this target can have a great R:R of more than 1:2
A daily close above 0.7250 would negate this scenario
With DXY looking ready for a new leg up I expect Kiwi to also roll back to at least the bottom of the range at 0.71.
Also a sell trade with this target can have a great R:R of more than 1:2
A daily close above 0.7250 would negate this scenario
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