NZDUSD this week price action analysis
NZDUSD >> after a nice accumulation over last week, we finally got to a mark-up closing in to a 0.618 - 0.786 FIB retracement area. 📈
What's happening next? Few options here. Either we'll enter into a distribution, which can nicely fill up the inefficiency around a round 0.70000 level and continue lower to 0.68000 OR we can keep getting higher to target some SLs around 0.70500. Time will tell.
📯With plenty of fundamental news coming out this week, we've got something to ponder on.
I'm keeping my eyes 👀on NZDUSD this week. If any opportunity arises, we may get into some nice trades setups. Have a great evening.
What's happening next? Few options here. Either we'll enter into a distribution, which can nicely fill up the inefficiency around a round 0.70000 level and continue lower to 0.68000 OR we can keep getting higher to target some SLs around 0.70500. Time will tell.
📯With plenty of fundamental news coming out this week, we've got something to ponder on.
I'm keeping my eyes 👀on NZDUSD this week. If any opportunity arises, we may get into some nice trades setups. Have a great evening.
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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.
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.