- According to the most brokers’ data, more than half of the traders are currently in long positions on NZDUSD. As a result, we recommend considering only Short trades at this time.
- The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The MVP indicator shows the downtrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous bottom - 0.6745, and the second one, in case of an active price decrease, is at the level - 0.6725
Chart & Analyst Comments
