Took a short at open today in this pari
Weekly:
Macd is turned down and this 0.72 zone is solid resistane. Next supp is around 0.7 and i expect nzdusd to reach there soon . But overall i expect new YTD lows
Daily:
Macd turn over and big rejection candle at resistance. Although we still above Kijun and cloud and in bullish territory but there has been failure from highs friday and psychology tells me that market wants to go lower. There are mac d divergences as well. I am taking 0.5 unit short for that reason.
Weekly:
Macd is turned down and this 0.72 zone is solid resistane. Next supp is around 0.7 and i expect nzdusd to reach there soon . But overall i expect new YTD lows
Daily:
Macd turn over and big rejection candle at resistance. Although we still above Kijun and cloud and in bullish territory but there has been failure from highs friday and psychology tells me that market wants to go lower. There are mac d divergences as well. I am taking 0.5 unit short for that reason.