NZDUSD - wedging? or rolling over?
Looking at the intraday moves. NU could be wedging upwards and looking to break out long.
Currently at 0.7322 the risk reward is about the same for either a short or long trade. However, since NU entered the area coming up. I prefer a LONG ever so slightly.
Main concern is the slightly lower highs. However, they are not unreasonably lower highs.
Currently at 0.7322 the risk reward is about the same for either a short or long trade. However, since NU entered the area coming up. I prefer a LONG ever so slightly.
Main concern is the slightly lower highs. However, they are not unreasonably lower highs.