NZDUSD has surged to the upside due to RBNZ being more hawkish, however volume has subsided and I expect a short back to .72000
1. The previous times the kiwi has risen due to RBNZ a few days later it dropped back below where it rose from. (looking for a repeat)
2. Sell volume has been increasing
3. Kiwi is still range bound and with USD gaining strength - kiwi at top of range, this increases the probability of a short trade
This is not financial advice. This is for educational purposes only
1. The previous times the kiwi has risen due to RBNZ a few days later it dropped back below where it rose from. (looking for a repeat)
2. Sell volume has been increasing
3. Kiwi is still range bound and with USD gaining strength - kiwi at top of range, this increases the probability of a short trade
This is not financial advice. This is for educational purposes only
Related publications
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.
Related publications
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.