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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