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New Zealand Dollar / U.S. Dollar

NZDUSD Magic-T Says Consolidation

By chastic
A quick draw up of the most obvious Magic-T's, it's clear that NZDUSD it heading towards a consolidation. Notice the high volume, starting 2016-11-08, now been sinking for a while. Building up cash to the next event starting soon at current price. I'm leaning towards a short, depending on the fed news tomorrow, (whether we get a rate rike or not). For me it looks like it's losing steam, and will be consolidating around 0.72238 and reverse.
NZDUSDnzdusd4hrsnzdusdbuynzdusddailynzdusdlongnzdusdneutralnzdusdshortnzdusdtrade
chastic

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