peterbokma

NZDTRY-MEDIUM TERM SELL

Short
SAXO:NZDTRY   New Zealand Dollar/Turkish Lira
The weekly and monthly chart prices are not reliable and created a unusable chart.

The daily chart current 8.9800 has cloud resistance 9.51 and since I have the overall view of TRY strength medium term, the NZDTRY will follow suit as well. We should move towards 7.3000 area in the 1st to 2nd quarter 0f 2022 is my view.

For now, SELL in small increments current 8.9800 or at a break of 9.5100 and add to the position each 0.5000 incremental upward move. The profit order somewhere 7.30 - 6.80.

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