The double bottom and the bullish divergence might suggest a reversal coming into play.
The good side of this is that with a relative small risk under the lowest low, could ride a reversal ending up on the 618 retracement, as on the way we don't have enough structure to slow the rally.
The bad side is that lately the fundamentals of the nzd does not help us too much.
Will wait for confirmation ( testing the 236 fib level )
The good side of this is that with a relative small risk under the lowest low, could ride a reversal ending up on the 618 retracement, as on the way we don't have enough structure to slow the rally.
The bad side is that lately the fundamentals of the nzd does not help us too much.
Will wait for confirmation ( testing the 236 fib level )