Hind-sight analysis for finding a reason to buy
Keep in mind that the US will raise interest rates and NZ will lower them, so this outlook is purely technical.
Price has met previous Resistance, is at end of Elliot Wave 5 and RSI shows bullish Divergence.
just a guess
Looks like the Rally is about to end.
End of Elliot Wave 5 at 3.618 Extension of 3-4 Leg as well
Confluence of ABCD Pattern and 1.618 Fib of last move up. Daily S3 Pivot as well.
Multiple Fibs and a ABCD Pattern indicate this level as Resistance.
Could be a good opportunity to go short. Im currently long since break of weekly Pivot
Short Term ABCD should complete or fail within the next 4 hours
Very speculative but with high Risk-Reward-Ratio. Depends on next weeks opening
CD-Leg ends on yearly S2 Pivot and approximates 1.23000 Round Number