I'm sure of a lot of you, and I included, was wondering when NzdUsd bull run will end... And now it can be it. After the first touch of 0.71 and a drop, Kiwi had a new attempt yesterday to rise above and reversed violently putting in a strong long-tailed reversal candle on our daily chart. At this moment rallies should be well capped at 0.71 and possible corrections of yesterday's drop could be a good opportunity for bears. A drop under 0.7 should accelerate losses and 0.68 could be a good place to book profits
Thanks for posting your ideas! Watching you but do not follow (just do it my way). Sometimes I agree, sometimes - do not (that's normal!). I did not act when you published this post (just had a gut feeling it will jump up some more), however I'm expecting NZDUSD to fall down soon too (like it happened with NZDCAD recently). What about you? What is your gut feeling now? I will appreciate it very much if you say something!