NZDUSD:Breakout and Potential retrace

1 Mar 2023

Hey Traders, recently all US data were positive.. market is pricing more rate hikes but when things are priced in market choose to go on the other sense.. so i want to expect more of USD weakness.. especially against Commodities and combined with technicals i think 0.624 is a good zone to consider since it's combine a decent supply and demand zone with a breakout of a downtrend.
Trade safe, Joe.