Hey guys,
this is my forecast for NZD/USD. Price has broken the neckline of the head-and-shoulders pattern (formed from August to October), which is coincident with 0.5 Fibonacci level.
RBNZ rate cut and bullish dollar should drive the downtrend past the 0.70500 level.
I will wait for a test of said level and sell on the pullback to the 0.618 Fibonacci.
Good luck and trade with care!
this is my forecast for NZD/USD. Price has broken the neckline of the head-and-shoulders pattern (formed from August to October), which is coincident with 0.5 Fibonacci level.
RBNZ rate cut and bullish dollar should drive the downtrend past the 0.70500 level.
I will wait for a test of said level and sell on the pullback to the 0.618 Fibonacci.
Good luck and trade with care!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.