Hi there members,
I decided to start a thread about this specific pair. Fo today i would like to ear from you what you think about the actual price action.
I see a doble top in the 4h chart and in the daily, and slow stochastics starting to go south. The 51.23 spot price has managed to hold, even with EURJPY and other carry trades bursting to the upside.
Important data will be released late today, wich could set to a bigger drop. However NZDUSD action is somehow been published as bullish. If 0.5583 holds in there we should see a doble top there also. With stochs in overbought zone we could see action to the downside.
Please tell me what you see,
Greets from Portugal
I decided to start a thread about this specific pair. Fo today i would like to ear from you what you think about the actual price action.
I see a doble top in the 4h chart and in the daily, and slow stochastics starting to go south. The 51.23 spot price has managed to hold, even with EURJPY and other carry trades bursting to the upside.
Important data will be released late today, wich could set to a bigger drop. However NZDUSD action is somehow been published as bullish. If 0.5583 holds in there we should see a doble top there also. With stochs in overbought zone we could see action to the downside.
Please tell me what you see,
Greets from Portugal