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AlkalineFX
Sep 13, 2020 12:35 PM

NZDUSD - Great Setup 

New Zealand Dollar/U.S. DollarFXCM

Description

For the moment it is crucial to stay patient to see how the dollar, as well as the NZD, will react to the market open. I have illustrated the next potential move for NZDUSD, for the moment price looks like it's stuck and consolidating, if the price breaks out of the trend line and starts to trade below the key level marked, I will consider changing my bias to bearish.

COT Data - 64% Short

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