I'm currently short on $NZDUSD but after 2 days of remarkable downside the pair seems to be sitting in a similar price range that we saw between the 21st & 24th of March and I'm wondering if a head & shoulders pattern could be forming.
Of course I may be wrong but I wanted to share this view. I'm still bearish on the pair near-term but want to keep an objective opinion.
Additionally, this is a technical view; with NFP tomorrow I am bullish on the $USDOLLAR so we could see a big 40-50 pip drop, but I don't want to speculate too heavily on news!
Of course I may be wrong but I wanted to share this view. I'm still bearish on the pair near-term but want to keep an objective opinion.
Additionally, this is a technical view; with NFP tomorrow I am bullish on the $USDOLLAR so we could see a big 40-50 pip drop, but I don't want to speculate too heavily on news!