A very similar setup across all USD pairs here as NZDUSD shorts become over-stretched. Here tracking an initial correction back towards 0.66 in the coming sessions as markets begin to price dovish Fed expectations into USD. The main target in the swing here is 0.70 (see attached: NZD rate repricing).
Those following the conversation on NZD these past few weeks will know I have been expecting the offer to expire as we entered key support. Cheap entries for longs whilst profit taking goes on for shorts unwinding.
Best of luck all those in NZDUSD.
Those following the conversation on NZD these past few weeks will know I have been expecting the offer to expire as we entered key support. Cheap entries for longs whilst profit taking goes on for shorts unwinding.
Best of luck all those in NZDUSD.
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Clearing first targets at 0.660x well done those riding this pig.
