The counter has formed an inverted head and shoulder pattern.
The price has broken out of the neckline and is consolidating just above it.
Further, the policy statement from the RBNZ is also set to uplift the currency pair.
Hence, we expect the pair to be bullish in the short-term.
The price has broken out of the neckline and is consolidating just above it.
Further, the policy statement from the RBNZ is also set to uplift the currency pair.
Hence, we expect the pair to be bullish in the short-term.
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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.