Hey Traders!
Check this out – NZDUSD is shaping up to be a pretty exciting play. We've just seen a break below the 1-hour moving averages, and we're now under a key pivot level on the lower timeframes, which hints at some solid bearish momentum. Also, the 4-hour candlestick is sporting a long upper shadow, suggesting that the sellers might be settling in for the long haul. Plus, hedge funds seem to be leaning towards a continued bearish push, as they're starting to sell off NZD a bit. ✅📊
Check this out – NZDUSD is shaping up to be a pretty exciting play. We've just seen a break below the 1-hour moving averages, and we're now under a key pivot level on the lower timeframes, which hints at some solid bearish momentum. Also, the 4-hour candlestick is sporting a long upper shadow, suggesting that the sellers might be settling in for the long haul. Plus, hedge funds seem to be leaning towards a continued bearish push, as they're starting to sell off NZD a bit. ✅📊