All NZD pairs are making a pullback but it seems this pair has still more room to the downside.
Looking a w1 chart we see price testing the broken trendline and Ema 55.
There are two possible scenarios, we should not discard any of them. If oil starts a rally (my prefered scenario) then this pair could continue a long term decline.
The setup is clear here, SL and targets on chart.
Best regards.
Looking a w1 chart we see price testing the broken trendline and Ema 55.
There are two possible scenarios, we should not discard any of them. If oil starts a rally (my prefered scenario) then this pair could continue a long term decline.
Best regards.