It looks like NZDUSD is in a bearish movement, with a falling wedge. It has broke a support level that was hit in mid October This support level has now become a resistance level, in the end of this week. There seems to be some bearish takeover, with really lower highs and lower lows. It will possibly go down to around 0.69700. This is because this level was hit as a support in July. Maybe then it will shift to be bullish.
Would love to hear what you guys think about this trade.
Would love to hear what you guys think about this trade.