The bearish trend line was broken in both the 4hr chart and in day chart.
RBNZ is holding their rate cut decision as the economy performs well.
And the trade deal between china and USA will strengthen the AUD and NZD
This pair is currently trading at resistance level which is 72.600
we may expect a short term fallback towards 71.720 level which is a support zone as well as the 78.6% Fibonacci
From this level we may expect a further upward rally towards 74.400
Potential stop lose may placed at 71.220 level...
Always follow the money management..
Give your valuable comments regarding this chart..
RBNZ is holding their rate cut decision as the economy performs well.
And the trade deal between china and USA will strengthen the AUD and NZD
This pair is currently trading at resistance level which is 72.600
we may expect a short term fallback towards 71.720 level which is a support zone as well as the 78.6% Fibonacci
From this level we may expect a further upward rally towards 74.400
Potential stop lose may placed at 71.220 level...
Always follow the money management..
Give your valuable comments regarding this chart..