NZDUSD: Very close to a market bottom
I placed an overlay of the corn and gold charts over the NZDUSD line chart with weekly range boxes.
Time at mode has given me a target in the weekly, which is very close to being achieved.
I suspect we will see the completion of a terminal falling wedge next week, offering a great buying opportunity in this pair.
I'll patiently wait for confirmation here, but I already suspect the bottom will come very soon.
Price might copy the corn rallies, which seem to be leading gold and crude oil, regarding dollar strength.
Should be an interesting long.
Have a nice weekend,
Ivan.
Time at mode has given me a target in the weekly, which is very close to being achieved.
I suspect we will see the completion of a terminal falling wedge next week, offering a great buying opportunity in this pair.
I'll patiently wait for confirmation here, but I already suspect the bottom will come very soon.
Price might copy the corn rallies, which seem to be leading gold and crude oil, regarding dollar strength.
Should be an interesting long.
Have a nice weekend,
Ivan.
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