NZDUSD - Short term correction seems likely
Updated
It seems like we might get a short term correction on NZDUSD
There is high odds for a correction if we get a close below the daily support trendline around 0.71115 (20.01.21). It might make sense to go short on a retest on the weekly resistance around 0.71550.
it looks like we have a bigger player building a short position and might be ready to finish up before he starts to move the market.
We could get as low as 0.68165 in one to two weeks time...
So it might make sense to go short on a retest on the new weekly resistance around 0.71550.
There is high odds for a correction if we get a close below the daily support trendline around 0.71115 (20.01.21). It might make sense to go short on a retest on the weekly resistance around 0.71550.
it looks like we have a bigger player building a short position and might be ready to finish up before he starts to move the market.
We could get as low as 0.68165 in one to two weeks time...
So it might make sense to go short on a retest on the new weekly resistance around 0.71550.
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