pipstrading

NZDUSD hit 1.618, will it test 2.0 extension?

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
2
NZDUSD hit 1.618. However, is it too early to call for a short?
It looks like that it is forming a bullish flag and the 1:1 projection nicely meet the 2.0 extension and the blue dotted trend line. Let's see.
Trade active:
breakout of bullish flag. looking good
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.