NZDUSD, has created many signals for a bearish continuation.
RBNZ is hinting for a rate cut in August and further ease will be negative for NZD.
Technicals suggest Head&Shoulders pattern in formation.
Bearish RSI Divergence in Existence now.
We are looking at 0.6750 Zone as 1st Target with open target at 0.6550
Having short the pair at 0.7185 and 0.7205 -
RBNZ is hinting for a rate cut in August and further ease will be negative for NZD.
Technicals suggest Head&Shoulders pattern in formation.
Bearish RSI Divergence in Existence now.
We are looking at 0.6750 Zone as 1st Target with open target at 0.6550
Having short the pair at 0.7185 and 0.7205 -