piphunters

NZDUSD: CORRECTION MAY EXTEND

piphunters Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Details on chart.
Comment:
Please note that this is not a setup but a view, Risk/Reward considerations argue against taking a trade at current levels for the cautious. Firstly the price is too close to resistance to justify entering long. Second, the absence of a clear-cut bearish reversal signal suggests taking up the short side is premature so it's advisable to stay flat for the time being in my view.
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