Forex NZDUSD supply and demand analysis forecast with weekly supply level in control and new imbalances being created on the way down to opposing weekly demand level. There is a clear short bias on NZDUSD Forex cross pair with new supply zones being created and demand being eliminated.
Price fell short of retracing to last daily supply level, trying to break lower with weekly supply level in control. Supply and demand technical analysis tells us that only selling NZDUSD Forex cross pair is possible based on the creation of new strong supply levels.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports.
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