Double Top Formed, With a pinbar closing on the 8H timeframe. NZD has been getting destroyed for quite some time now, so even though this is counter-trend, I see good potential for a longer term swing
Note
Interest Rate Decision Tuesday at 22:00. High volatility expected but I am looking for a big push downNote
Once we break through the last higher low formed at 1.075, we are in the clear for a good drop. The spike this morning gives additional confirmation that we will have continued downside momentum
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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.