EurNzd- are "we" breaking up?
Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge.
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
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