In 2020 NZDUSD naturally kills pullback & counter-trend traders. Since March the pair is sharply bullish and breaks one resistance after another without any hesitation. 32% net growth. Crazy...
I have tried a couple of times to short the pair but realized that bears simply refuse to push.
Now the closest major resistance is based on 0.74 - 0.755 resistance cluster. That area is based on 2016th's, 2017th's, 2018th's highs. I will consider short opportunities only from that area.
For buying, I would recommend waiting for a pullback because the pair looks quite overbought.
NZD is mainly stronger on USD because this is weak, but kiwi is also stronger than all other pairs with same rising from march.
Australia and New Zealand have great moments compared to the rest of the planet and are out of COVID.
But pullback is absolutely on the home straight, perhaps even in an overbearing way!
Australia and New Zealand have great moments compared to the rest of the planet and are out of COVID.
But pullback is absolutely on the home straight, perhaps even in an overbearing way!