- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
- Price broke through the MVP line and rushed down. We consider this a sign for further NZDUSD price decrease.
- Set Take profit at the local price minimum.
Chart & Analyst Comments
