NZDUSD Trade Idea

٢٢ ديسمبر ٢٠٢٠

As per previous day forecast, I expected NU to have a major pullback towards 0.7012 due to the over-extended market condition. Yesterday NU had a strong bearish momentum towards 0.7012, followed with a strong bounce back to 0.7115 resistance. Unless the there's a clear breakout of 0.7115 resistance, personally, I am not expecting a breakout today, and will be mainly focusing on the range bound setup between 0.7012 - 0.7115.

Trade safe.

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