OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
New Zealand Dollars are trading higher on Monday. Most of the support is coming from a weaker U.S. Dollar. The Greenback is feeling pressure from concerns over U.S. tax reform. However, last week’s solid domestic events are also underpinning the currencies along with the Fed’s “dovish” outlook for interest rate hikes in 2018 and 2019.as technically the pair traded were under trend with completed impulse waves , as candle pattern , on daily frame the pair made double top on 4hr candle trading above 200 sma , so accordingly pattern we can see one leg down to retraced atleast 50% from the last low to test 0.6920/0.6870.

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