New Zealand Dollar / U.S. Dollar

Short

A Kiwi for Dinner

Updated

Yum. It seems like a super sell here, after days of a large drop. The pair tested the 38.2% (idea below) 11 times and the drop was expected. The pullback from the drop was nice...and we can expect the downtrend to resume, as indicated by the 200 day VWMA.

Large volatility incoming . I expect you to hold it until signs of downtrends appear.

Best of luck.

Riz.

Note

32-day resistance break! Rocketing NZDUSD!!

Note

See that resistance level. Chuck Norris, that!

Note

Stop at red. TP at green. (For scalpers)

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