NZDUSD bulls moving in for the kill and eye daily price imbalances – by fx_ross NZDUSD Currencies DollarIndex CPI Fed
NZDUSD prior analysis, the price was bounded by resistance and it was stated that the doji could turn out to be pivotal for the pair and week:
Such a continuation would coincide with a further downside in the US dollar vs. a basket of currencies:keeps falling on the day and while there could be more to go, we have the 107.86 target in as a possible support considering it made up a foundation for the highs of the cycle when last visited as support. A break there could be significant but the M-formation is a reversion pattern and a correction to the resistance near 109.
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