I am bearish on NZD D1 which makes this trade less likely to be winning but considering the huge pressure on USD and the broken Neckline on inverter H&S on NZDUSD, make me convinced that this pair may rise until the first layer of resistance which is shown in the chart.
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Not an easy spot for NZD (Weighted Average D1) to break higher. But if it breaks it will be crazy...
Price trapped heavily between support and resistance
Price trapped heavily between support and resistance
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At fresh daily high, I would add
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Watch the correlation between NZ 10 years yields and NZD weighted average.
It seems both of them turning back.
It seems both of them turning back.
That is the next target that puts more presure on USD