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
Note
Appears that 77.750 is a major Fib confluence area and strong historical structural resistance level.
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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.