Strong NFP for 2 months coming out of US, add that to the declining unemployment, and you got yourself a rebound of the world largest economy. Especially when you consider currencies like NZD, future prospect is certainly touching 0.7118 support.
Looking at the technical side of it, 5MA is about to cross 12MA on monthly time frame suggesting long term down trend, although far away from 150MA but keeping fundamentals in mind, its just a matter of time.
looking at the weekly chart, price is just above 150MA and if it close below 150MA by Friday 16th Dec then the bears are in full swing.
Consider shorting this pair in main session today, given the circumstances are favorable.
Looking at the technical side of it, 5MA is about to cross 12MA on monthly time frame suggesting long term down trend, although far away from 150MA but keeping fundamentals in mind, its just a matter of time.
looking at the weekly chart, price is just above 150MA and if it close below 150MA by Friday 16th Dec then the bears are in full swing.
Consider shorting this pair in main session today, given the circumstances are favorable.