NZDUSD TO REVERSE...
NZDUSD has returned back into the previous lows where we price could reverse.
The commitment of trader reports shows the commercials continuing to decrease their short positions
at current prices. This is a good sign of a reversal pending for the New Zealand Dollar, strength and weakness
tables also show the NZD at an extreme where we typically see a reversal. If we see bullish price action at this demand
zone we can look for a long opportunity.
The commitment of trader reports shows the commercials continuing to decrease their short positions
at current prices. This is a good sign of a reversal pending for the New Zealand Dollar, strength and weakness
tables also show the NZD at an extreme where we typically see a reversal. If we see bullish price action at this demand
zone we can look for a long opportunity.
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