- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of NZDUSD price is expected.
- 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 - 0.6785, and the second one, in case of an active price decrease, is at the level - 0.677
Chart & Analyst Comments
