A potential Head & Shoulders Pattern appeared.
If the price breaks the support zone near 0.70xx, look for any pullback to short this pair.
It will be a high risk to reward ratio pair of 1:3!
Remember to trade with proper risk management.
RBNZ has not changed its dovish stance. Fed remains hawkish.
NZDUSD showing divergence to 0.7322. Strong resistance on 4H chart.
Many major banks forecast NZDUSD below 0.70 in medium term.
This currency pair is a sell at spot.
Wait for the price to correct and then add to the trade (or enter if you didn't short last week).
Don't follow blindly.
Follow your rules and money management.
Feel free to ask questions or share your ideas.