claudiowall
Short

#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
I hope it drops hard! I'm close to margin closeout -_-
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out