Keep in mind that the US will raise interest rates and NZ will lower them, so this outlook is purely technical.
I suspect strong resistance there.
Price has met previous Resistance, is at end of Elliot Wave 5 and RSI shows bullish Divergence.
with fibs, waves and yearly pivot
supported by multiplel fibs
Patterns, patterns everywhere :D
Completion at 1.58000
just a guess
Looks like the Rally is about to end.
End of Elliot Wave 5 at 3.618 Extension of 3-4 Leg as well
Confluence of ABCD Pattern and 1.618 Fib of last move up. Daily S3 Pivot as well.
Multiple Fibs and a ABCD Pattern indicate this level as Resistance.
Could be a good opportunity to go short.
Im currently long since break of weekly Pivot
Short Term ABCD should complete or fail within the next 4 hours
Very speculative but with high Risk-Reward-Ratio.
Depends on next weeks opening
CD-Leg ends on 172.5
CD-Leg ends on yearly S2 Pivot and approximates 1.23000 Round Number
I expect strong support at 0.966