rstevo

Possible rejection of higher prices on NU

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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Watch to see whether the price can break the higher prices which it reversed off on 14th of april. Waiting for price action and candle formation on the 4 hour to see whether price is being rejected. If so then a head and shoulders pattern could be formed.

With NZD having way less economic damages than the US will so have, it might be fair to say that this is in fact the time to go long on NU. Waiting to see how price is effected by this line of resistance for confirmation