NZD/USD is currently very bullish and if the current resistance is broken, it can go up 50 pips+ higher.
This is a continuation pattern.
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Here is the chart for USD/NZD (The contrary of NZD/USD). We clearly can see that it's not doing well for the US dollar. I often use this trick to analyse better.
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This positions was entered a little bit soon. I should've waited for the support to really base itself before entering (The further we wait for a good support, the less bad positions we get into).
Here is the chart for USD/NZD (The contrary of NZD/USD). We clearly can see that it's not doing well for the US dollar. I often use this trick to analyse better.