NZDUSD SHORT

26 Şub 2023

Thus far we are witnessing a resurgent dollar against commodity dollars since the turn of the new year. There are signs the dollar is still bullish against major currencies. In the interim we are expecting a bearish correction for the dollar (bullish correction for other currencies). In the coming days we are watching to see if NZDUSD will retrace back to the fair gap region where we have placed our sell orders. On the 4HR we have a CHOCH and BOS. On the daily time frame we have a break of daily structure(awaiting confirmation on Monday +3:00 GMT). The break in daily is our confirmation for sell orders.