NZD / USD:
Our expectations: Downward movement and correction to levels of resistance that allows for new short positions
Alternative Scenario: If the price goes above 200MA, we may see a new bullish momentum
Comment: Downward movement and correction up to 50% of Fibo
Price below 200MA which is above 50MA - negative signal
Price Action: pin bar of resistance - bearish signal
Price below levels of horizontal resistance
CCI (50) and DeM: rotate from the over-bought market area - a possible downgrade
Trader I. Ivanov
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