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As per our other USD articles, we are expecting weakness in the dollar to continue. After a heavy push from the bears today we would like to see some of the weakness slow down before searching for long opportunities. Over the coming weeks we do expect the USD weakness to continue therefore for medium term positions prefer to be selling the dollar.

NZDUSD is providing quite a clean structure set up with clear liquidity above with gives a high probability target.

For the time being this is a zone of interest but with that being said would need to see momentum slow down and order flow pick up before entering positions.

Trade safe.

Note: this is our opinion only and not specific financial advice.


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