short term buy for NZDUSD

2020-02-10 09:18:33

There is some support at 0.640 so it might rebound a bit. Will it go higher or trend lower ?
It is pretty hard to forecast at this moment in view of the global doom on the coronavirus.

There are many levels of support that this pair can revisit in the coming weeks. Please note that it is still bearish on the weekly and daily so unless the latter is broken out, any up move is temporary. Please make sure you have a clear strategy to do such counter-trend trade else if you want to buy , wait some more.