- 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.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- MVP line is above the price and acts as a resistance level.
- We are focused on the breakdown of the previous bottom, the target at the level of 0.589.
Chart & Analyst Comments
![main-sell-market-trend-1](https://fxssi.com/images/forecasts/forecast-2fafeee2f9feaacb495fac46205e0953.png)