BEARISH KIWI
Disclaimer the information below is not financial advice and is based solely on my own view, trade responsibly.
Now looking at the NZDUSD in correlation with the ongoing events its seems likely that investors are viewing the DXY as a safe heaven, with that in mind back on the chart you can see a clear distribution phase which led to a Change of Character to the down side, hence a markdown phase, following Auction Market Theory we come to a conclusion that price is seeking fair value and hence some sort of demand inside last months bullish expansion.
Price is relatively in an uptrend and hence its logical to say we could be aim for a low of the month hence am looking to short this pullback before a long
Now looking at the NZDUSD in correlation with the ongoing events its seems likely that investors are viewing the DXY as a safe heaven, with that in mind back on the chart you can see a clear distribution phase which led to a Change of Character to the down side, hence a markdown phase, following Auction Market Theory we come to a conclusion that price is seeking fair value and hence some sort of demand inside last months bullish expansion.
Price is relatively in an uptrend and hence its logical to say we could be aim for a low of the month hence am looking to short this pullback before a long
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