New Zealand Dollar vs US Dollar - Short Term Swing - 16 June 22'

FX:NZDUSD in the past week capitulate, but strong price action appears. FED decision is already taking a place on markets and in the next couple of days, we will see a lot of volatility. Over June futures contracts this week there is no way volatility to be low. Trade with confidence, but always be cautious.

What is the supported thesis technically for the expected scenario on NZUSD?

- Price-action will form a channel in the next 2-3 days
- By Elliot waves probably start the A-B-C correction phase
- The RSI indicator is really high and soon will start correcting

If you have any questions related to this trading idea I will be happy to provide you with answers.