ddp922
Short

Short Weekly .618

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
257 2 8
NU has been on a roll this past few weeks. Any pullback we have had has been met with a very bullish reaction. I think by the time the price reaches the .618 the 50MA will be close or around it and it should reject it sending it lower. NZD still has I believe another rate cut still looming and with the potential USD hike (which may or may not happen this year)
I believe we will break to newer lows sometime in the future.

This trade is a long ways off, but it looks good

Short at .7150

Good Luck!
Update status
viarmx
a year ago
nice post, thanks.
Maybe. i think this pair may get DOWN .664/.648 firstly.
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NZDUSD: MY KEY TRADE ZONES
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