Analysis based on the downtrend. I believe that we are at the top of a 4HR swing in a downtrend. Therefore this gives me reason to short this pair down to the support @0.72. Tomorrow we have mid-high volatility news for the NZD. This will affect the chart but in my opinion, not too much. On Tuesday we have some high volatility news for the USD. Again, the same inference.
So for this pair, I'm predicting a short based on a basic downtrend and swing high.
Keep it simple, keep it smart, keep it sexy.
From Louissuguna with love.
So for this pair, I'm predicting a short based on a basic downtrend and swing high.
Keep it simple, keep it smart, keep it sexy.
From Louissuguna with love.