NZD pair is quite weak at the moment but there's an opportunity for short term longs to be added with take profit at the neckline of the over-extended M pattern or at least at the 0.32 level of the Fibonacci taken on the resulting impulse. With the RBNZ news fast approaching, and a positive outcome expected, bulls can take charge. I suggest you keep this pair in your watchlist and see if all the rules of your own personal strategy are satisfied. NB: This is strictly for educational purpose, taking a trade using this analysis should be done if the pattern fits in with your strategy. HAPPY TRADING!!
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