hello everyone, in my last analysis the price broke the resistance level (mainly due to bullish AUD & bearish NZD news), overall the NZD is performing poorly... price is predicted based on AUD fundamental and technical analysis... upcoming AUD CPI (today) and retail news (tomorrow) couldn't make this pair bearish or bullish... if news is bad then technically price need to correct the price to support level as shown on the chart... Main targets are TP 1 only..
good luck
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price is making bearish rsi divergence in 1 hr tf.. price could drop with strong bearish impulse.
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price reach tp1 on bullish side.. no sign of bearish .. unless day tf candle closes bearish below 1.090...
however with upcoming cash rate news for NZD (apr 9) will decide the overall direction of price..
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price now started in bearish momentum, the price will likely get corrected in the strong resistance area before going bearish...
Trade chiuso: obiettivo raggiunto
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target reached tp2 on bullish side, then tp1 on bearish side.. tp1 seem like correction area for higher timeframe.. price may retest 1.0914 close for now.. good luck to everyone