Monthly pivot is battling against this week's pivot on the $NZDUSD:
Risk Disclaimer: Trading involves substantial risk of loss. Past performance is not necessarily indicative of future results. This is not a trade recommendation.
Right now the NZD/USD looks confusing, and that's because there is a battle going on between the monthly pivot and the weekly pivot. My guess is that the monthly pivot will win – the pair will finish the month strong at that level (or even above it – wow!) and then fall to this week's pivot and the new week's pivot next week.
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