NZDUSD hit 1.618, will it test 2.0 extension?

New Zealand Dollar/U.S. DollarFXCM

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⋅ Jun 6, 2016 7:19 AM

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.

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⋅ Jun 7, 2016 10:39 AM

breakout of bullish flag. looking good