NZDUSD Short retracement to 0.5 Fib
I think long term this pair will still go up, but short term it looks to retrace to 50% fib level and bounce up from there. If last week is any indication the selling might continue next week. Tuesday will definitely tell which direction this pair will go.
If it break support, go short till the 0.5 fib level for a 1:4 RR possible return.
Good weekend and good trading!
If it break support, go short till the 0.5 fib level for a 1:4 RR possible return.
Good weekend and good trading!
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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.