Short Weekly .618
NU has been on a roll this past few weeks. Any pullback we have had has been met with a very bullish reaction. I think by the time the price reaches the .618 the 50MA will be close or around it and it should reject it sending it lower. NZD still has I believe another rate cut still looming and with the potential USD hike (which may or may not happen this year)
I believe we will break to newer lows sometime in the future.
This trade is a long ways off, but it looks good
Short at .7150
Good Luck!
Update status
I believe we will break to newer lows sometime in the future.
This trade is a long ways off, but it looks good
Short at .7150
Good Luck!
Update status
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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.