NZDUSD - DAILY SHORT
- Strong rally to top of the range for several weeks, break out of the range above the recent strong resistance level at 0.62 but lost momentum and dips back below the 0.62.
- Wednesday and thursday looked like the buyers got back in control but failed to break above and made a huge engulfing fakey, ending trading back below the 0.62.
- Bias has now turned to strong sell. Lower prices expected, best case scenario all the way down to 0.587 (range bottom)
- Wednesday and thursday looked like the buyers got back in control but failed to break above and made a huge engulfing fakey, ending trading back below the 0.62.
- Bias has now turned to strong sell. Lower prices expected, best case scenario all the way down to 0.587 (range bottom)
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