NZD/USD is playing in wedge
NZD is playing in between wedge & it will break the trendline so i'll be on sell side because,
1. USD is getting stronger atleast for 1 or 2 week because of Fed rate hike.
2. NZD GDP q/q data come less then forecast.
3. So you can also go for buy JPY because it will also going to break it's falling wedge
4. You can go for Sell NZD/USD & Buy JPY/USD.
Target is 0.6958 expecting in 20 to 30 days.
This is just an idea & an attempt to predict the future price movement.
1. USD is getting stronger atleast for 1 or 2 week because of Fed rate hike.
2. NZD GDP q/q data come less then forecast.
3. So you can also go for buy JPY because it will also going to break it's falling wedge
4. You can go for Sell NZD/USD & Buy JPY/USD.
Target is 0.6958 expecting in 20 to 30 days.
This is just an idea & an attempt to predict the future price movement.
Comment:
My entry price is 0.7226.