I expect to see new lows here, as this market looks like it's going to hit the median line or even proceed lower. The NZD has been very weak, whereas the USD - very strong. I know, there's a major low to the left and the phase of the momentum cycle speak for looking to go long. Nevertheless, I can't see buyers stepping in yet. The path of least resistance seems to be directed downwards.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
