NZDUSD...WHAT'S NEXT?

5 Kas 2018

We have been talking about NZD strength for a while now as the Long contracts saw another boost this the week from the Commitment of Traders Report. Looking at the market technically we can see price has created a higher high on the daily chart. This indicates we could see further upside to come. Looking for a retracement into the previous daily highs with 61.8-50% Fib confluence before looking for a long opportunity.