Potential Bear Flag Forming NZDUSD - await Breakout
NZD long have been at record highs epecially last week so expecting it will have a pullback this week due to being overbought and not being much value for money at the moment for investors when other central banks are looking at potential ate hikes could cause investors to take profits now and move liquidity else
We had a Downward move down to strong jobs data in the USD last week and once a break out is confirmed it should provide entry for a continuation.
Looking at 0.70 as potential target
We had a Downward move down to strong jobs data in the USD last week and once a break out is confirmed it should provide entry for a continuation.
Looking at 0.70 as potential target
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