As the Dollar Index 
DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is 
NZDUSD which is about to drop 400 pips in the coming days.
NZDUSD having formed a Double Top chart pattern, the bullish momentum of the DXY has caused a break of the neckline of the above mentioned chart pattern.
Below are the expected targets for this setup
TP1: 0.57
TP2: 0.55
SL: 0.60
Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
https://tradingview.sweetlogin.com/x/ijrP0GbC/
DXY strengthens, most of the major FX pairs are gearing up for massive drop or have started dropping already. One of these pairs is NZDUSD which is about to drop 400 pips in the coming days.NZDUSD having formed a Double Top chart pattern, the bullish momentum of the DXY has caused a break of the neckline of the above mentioned chart pattern.Below are the expected targets for this setup
TP1: 0.57
TP2: 0.55
SL: 0.60
Kindly support this analysis to enable it reach to other people, and do comment your thoughts.
https://tradingview.sweetlogin.com/x/ijrP0GbC/
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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.
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.