Are the NzdUsd bears running out of gas?
So on 27th of June the market made a then 7 month low. (Low)
It later retraced back the 0.685 area where we had highlighted as place to short.
And then it went lower as expected but not as low as expected making a 'higher low'.
Last week it retraced back the .6855 area, then bounced back but this time making a higher higher low.
This is are indications of a change in the trend coming.
Our weekly long term traders have been long on this since a month ago.
Daily and H4 traders can look to get it on this one once price significantly crosses the 0.685 area.
It later retraced back the 0.685 area where we had highlighted as place to short.
And then it went lower as expected but not as low as expected making a 'higher low'.
Last week it retraced back the .6855 area, then bounced back but this time making a higher higher low.
This is are indications of a change in the trend coming.
Our weekly long term traders have been long on this since a month ago.
Daily and H4 traders can look to get it on this one once price significantly crosses the 0.685 area.
