Purely based on the general performance of the two currencies.
NZD has been very weak, we can see commodity prices falling and this looks set to continue.
I believe we have a double top and the neckline is broken, so expecting a continuation to the downside this week.
NZD has been very weak, we can see commodity prices falling and this looks set to continue.
I believe we have a double top and the neckline is broken, so expecting a continuation to the downside this week.
Trade closed: stop reached
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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.