NZDUSD has "grinded" its way passed the cloud/resistances... Right now it would be just nice (& also wiser) to wait for it to retest back the cloud/resistance level 1st (if it wants to); & then perhaps it will just bounce of to further lows...
Note that the RSI is currently around it's neutrality level of 50, so we should not rule out a higher possibility for price to swing in any direction for now (but nevertheless, there are just plenty of resistances right above to offer plenty in the way of supports)...
(Can take this trade by starting with a smaller Short position for now, & then adding to it later on when things go accordingly...)
Best regards.
Note that the RSI is currently around it's neutrality level of 50, so we should not rule out a higher possibility for price to swing in any direction for now (but nevertheless, there are just plenty of resistances right above to offer plenty in the way of supports)...
(Can take this trade by starting with a smaller Short position for now, & then adding to it later on when things go accordingly...)
Best regards.
