NZD/USD reversal in the making - key levels
The NZDUSD could set up a short reversal this week. NZDUSD made a new high today and then showed a pinbar, indicating a fakeout. There are some key price levels close to current price and market structure is ideal.
!!! However, it's too early to do anything just yet and there is also a higher market top at 0.73. Keep in mind, the key to the reversals is the break of the 20 SMA (purple) line. Until then, it's just a wait and see situation. !!!
!!! However, it's too early to do anything just yet and there is also a higher market top at 0.73. Keep in mind, the key to the reversals is the break of the 20 SMA (purple) line. Until then, it's just a wait and see situation. !!!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: www.tradeciety.com/webinar/
> Free blog: www.tradeciety.com/blog
