The pair is showing weakness, having fallen out of the upward channel which is also a bear flag.
It seems like there are no forces that are able to lift the pair back to the important daily level, let alone break up above it.
Based on that, I say we might see a move back to the lows or semi-lows of the last dive down.
If not, then the next theater of action will undoubtedly be the massive daily level that I've mentioned above.
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Thank you, and wish you all best of luck in your trading!
It seems like there are no forces that are able to lift the pair back to the important daily level, let alone break up above it.
Based on that, I say we might see a move back to the lows or semi-lows of the last dive down.
If not, then the next theater of action will undoubtedly be the massive daily level that I've mentioned above.
Like and subscribe to support my work, and also to never miss a new analysis.
Thank you, and wish you all best of luck in your trading!
Comment:
check out another NZD analysis.
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