NZDUSD SHORT POSITION

24 ביולי 2022

NZDUSD prematurely did not complete the cycle to 0.60000 Whole number but reversed at 0.6060. This would be to induce Long positions. Coming week we could see a very fast move to 0.6000 level stoping out all those that traders that have been stucking Long positions. I see a M formation at current position 0.62500 which is a Reversal pattern for SHORT POSITIONS.