The weekly right side is down against the 7/27/17 highs at .7557. The daily right side is down against .6758 from 12/31/19. The 4 hour right side is down with a bearish sequence & the hourly is turning down against .6130. While below there the pair can continue lower again.
As usual its created fakeout.
Wait for price come to buy zone then Enter
Use minimal stoploss to avoid huge loss.
Before entering the trade do your own research.
we have got extended move to the downside, + we have even achieved 3x ADR + 3(psychological no.) pushes to the downside market makers have formed sweet W which tells we are going mark up phase
Overall, NZD/USD is ranging across. Recently, NZD/USD rejected the resistance zone of 0.67100.
The New Zealand CPI q/q data (Forecast: 1.3%, Previous: 2.2%) will be released tomorrow at 0545 (GMT+8).
Currently, NZD/USD is testing the resistance zone of 0.67100 and the next support zone is at 0.65400.
If NZD/USD rejects the resistance zone of 0.67100, look for...
Hey y'all as we can see a Bearish Rising Wedge has formed and now we can expect for a long bearish move.
Let's see...
Follow me for any update on this idea and other ideas to.
NZD/USD higher after the larger than expected interest rate hike from the RBNZ
Reserve Bank of New Zealand raised its cash rate by 0.5% vs. the 0.25% consensus expectation
says will remain focused on ensuring that current high consumer price inflation does not become embedded into longer-term inflation expectations.
monetary tightening brought forward
remained...
