NZDUSD Forecast January 9-13

Long bias, I would even be a buyer if price goes all the way to the 0.6860 low. But it has to go down very fast, possible but unlikely. Other than that, looking for price to continue upwards move.

This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates.

Just because price has reached my area of interest does not mean I will open a position unless I specifically mentioned I would open a position there. I would normally watch the price action before deciding.

Nothing is 100% in trading, it is a game of probabilities. Be nimble when trading, never have a strong bias. I can turn from bullish to bearish in a day if price action tells me so.

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Keep looking up, nothing has changed, just the test of the lows has become very unlikely.

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Wednesday

As long as prices does not close below the recent lows I am still bullish, still looking for a break of resistance.

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Thursday

The resistance of the range is finally broken, look for a small pullback before a good upmove to the 0.7170 resistance.

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Friday

Still waiting for the pullback to go long.