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!
