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#NZDUSD inactive harmonic pattern formation in overbought?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
New Zealand's Central bank policy easing bucked the global trend, deciding to keep interest rates on hold even as inflation slows to zero. Kiwi rose 1.9% breaking the downward trend of the last week. However, "On a trade weighted basis, the New Zealand dollar Remains Unsustainable and unjustifiably high in terms of New Zealand's long-term fundamentals," Wheeler Said, citing one of the criteria the bank has set for currency intervention. Whereas the dollar will continue to appreciate over the coming weeks, the above puts greater pressure on the exchange rate continues high and the pressure to lower interest rates to remain a non-disposable alternative so categorically.
For now, you can see a inactive harmonic pattern formation in overbought in the very short term, which in principle could correct downward toward the levels marked
crazy25000
2 years ago
I hope it drops hard! I'm close to margin closeout -_-
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