capitalpropertiesfx

NZDUSD ahead of the Financial Stability Report

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
151 2 4
I must admit - the whole structure from the beginning of October until today looks fairly weird and funny, if I may say so. Nevertheless, ahead of this high-risk event, I prefer to stay on the short side, simply because the trend is down and the overall structure looks corrective. Ideally, I would prefer to see price turn from current levels but the price action is very bullish right now on hourly bases, so we may see another push higher towards the main trendline.
Alberttheturtle
2 years ago
i agree on the structure being extremely weird. NZDUSD was strongly bearish with the flag break but every time shorts try to drown it, it only makes a smaller move lower and pops up. then crashes again.
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capitalpropertiesfx Alberttheturtle
2 years ago
Indeed. It seems that Kiwi is playing a trick on us again. However, main resistance is still intact.
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