NU has been on a roll this past few weeks. Any pullback we have had has been met with a very bullish reaction. I think by the time the price reaches the .618 the 50MA will be close or around it and it should reject it sending it lower. NZD still has I believe another rate cut still looming and with the potential USD hike (which may or may not happen this year)
I believe we will break to newer lows sometime in the future.
This trade is a long ways off, but it looks good
Short at .7150
Good Luck!
Update status
I believe we will break to newer lows sometime in the future.
This trade is a long ways off, but it looks good
Short at .7150
Good Luck!
Update status