NZDUSD BASED TOUCH, SHORT RANGE PLAN

Kiwi has been trading in a range from 0.6500 support to 0.6800 resistance, and currently price trading at the based area which align with the 50% fibo retracement as well as the Pivot level, Looking at the COT report we can see that massive short position added last week which downside momentum will come to play anytime soon. I will look for a high test candle closed below based area before placing short trade.

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the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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