NZDUSD - Potential Bulls

10 Eyl 2020

If we look closely into this pair we can see that a structural shift is taking place after the small descending trend line was broken. I will be monitoring how price holds in and around this area on the 15M time frame before considering any buys. It is also essential that you monitor the DXY before taking any pairs in conjunction with the dollar.

IG Client Sentiment - 62% Short
COT Data - 63% Short