NZDUSD has been in an uptrend since mid-October. However, the intermediate trend that began in early 2021 remains bearish. So the rally since October could be nothing more than a correction within a larger downtrend. At the same time, I wouldn’t get too greedy on any short trades, especially in these conditions. For NZDUSD, the ideal short trade will likely materialize on a retest of the 0.6400 region. There’s no guarantee we get it, but a retest there would offer the best risk to reward. The 0.6400 area is intriguing due to the recent fakeout. Notice how NZDUSD found resistance at 0.6400 earlier this month, closed ... (full story)