Get started
justatrader

On to RBNZ.. Watch the Head and Shoulders

justatrader  
CME:N61!   None
medianline Pitchforks Divergence Stochastic Oscillator Head and Shoulders
1
0
medianline pitchfork divergence stochastic headandshoulders
Kiwi likely to come under pressure on RBNZ rate cut, which is already priced in but the current risk off sentiment could weigh on the New Zealand dollar (N61!) in the near term. Watch the head and shoulders pattern, which will be triggered on the break of the rising neckline support.

Downside targets: $0.7030 and $0.7000
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.