It look like a breakout of a falling wedge.
NZDUSD price at a point of reversal, if it finally reverses, then it will form a downtrend where Retail and Institutions might likely buy. The Institutions will buy so they could induce liquidity in future, the retail will buy to make some profits.
However, price could keep going high, this is a macro perspective view.
More analysis on the lower time frame.
NZDUSD price at a point of reversal, if it finally reverses, then it will form a downtrend where Retail and Institutions might likely buy. The Institutions will buy so they could induce liquidity in future, the retail will buy to make some profits.
However, price could keep going high, this is a macro perspective view.
More analysis on the lower time frame.
