NZDUSD

١٧ أغسطس ٢٠٢١

NZD pair is quite weak at the moment but there's an opportunity for short term longs to be added with take profit at the neckline of the over-extended M pattern or at least at the 0.32 level of the Fibonacci taken on the resulting impulse. With the RBNZ news fast approaching, and a positive outcome expected, bulls can take charge. I suggest you keep this pair in your watchlist and see if all the rules of your own personal strategy are satisfied. NB: This is strictly for educational purpose, taking a trade using this analysis should be done if the pattern fits in with your strategy. HAPPY TRADING!!