AlmightyPips
Long

NZD Bullish Channel (Scalp-Swing-Position)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NEW ZEALAND DOLLAR - CHICAGO MERCANTILE EXCHANGE
Commitments of Traders - Futures Only, July 16, 2019
Non Commercial

Long - 10,839 - Changes in Commitments - ( 355 )
Short - 28,158 Changes in commitments - ( -4,531 )

Based on the changes in commitment from the short positions, we can expect the NZD to keep gaining vs a currently weak USD.

Kathy Lien @ Investing.com breaks down the USD

https://www.investing.com/analysis/dolla...

https://www.investing.com/analysis/5-rea...


I'm expecting a slight pullback or the market to open up on 07/21/19 in the middle of the 61.8 FIB - 71 FIB

Also the key psychological support @ 0.67 is resting right at the 71% FIB Retracement

Expecting it to touch daily support, 2 different Buy Limits have been drawn out to catch this trade.


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