NzdUsd Trade Idea

14 Okt

NU is overall bearish. We ended last week breaking below a solid support level that price had once used in a range. If NU is gonna continue to the downside I would personally want to see price flip from the current level its from before looking to short the pair for a possible 1:3rr. Once shorts come in play we could expect price to create a new lower low which could help secure the 1:3rr. We'll see what happens.