NZDJPY - Downtrend Intact, Target Reached
NZDJPY was pushed through our target on the dovish RBNZ meeting.
Downtrend remains intact as highlighted by the 55 SMA slope and key level breach.
Positions have likely been squared after the widely expected RBNZ decision.
Pullback area is now the main focus but be cautious, we likely need worse data
to spur further shorts.
Downtrend remains intact as highlighted by the 55 SMA slope and key level breach.
Positions have likely been squared after the widely expected RBNZ decision.
Pullback area is now the main focus but be cautious, we likely need worse data
to spur further shorts.
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