I am currently short this pair via short NZD/USD @ 0.687 see NZD/USD GUNDABAD ORC ON THE BACKFOOT 2 UPDATE long AUD/USD @ 0.699 see AUD/USD - DECISION TIME (UP)
but looking to get short outright when we break 93c, SL 95c, TP1 87.5c (RR 2.75)
Expecting medium term for a move to 88c however...
Short term looking for a move above 94.9c, which would be great level to get short. If we rally above 95.3 and break shoulder level then the move is north.
Genghis
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I think 95c is going to be criitical level for decision making on which way this pair goes.
Genghis
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Got the rally up to 95c, which presents an amazing opportunity for bears if the H&S holds at 95.27c and anticipate a tumble back to 88c!
Genghis
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The gap fill from 94.5 to 94c should give a useful start
Quick review in addition to the H&S overall shape