Hello everyone,

I am battling a head cold this week so a very quick example for you to watch in the days ahead…

The NZDUSD has tested the 50% level at 7170 and found good support at this point. Currently it is against 7265 which is a Fibonacci level, and this may well be a point to watch for reversal lower

IF the currency pair again retests the 50% level and falls lower it will be an opportunity to get short. The interest rate rise in the US is coming and this will drag the NZD lower with it.

Best wishes,

Leave a Reply

Your email address will not be published. Required fields are marked *