The EUR/NZD has been showing its sequential
downtrend after achieving its two year
high of 1.72712. The most volatile currency pair is the credentials for this
pair and it always does the great fluctuations.
It proves the volatility and the NZD has gained around 280 pips since
this week open. The “sell” for this pair has achieved 500+ pips from the high
resistance. In the meantime, the trend has faced a gap in this sell trend.
To
compensate this much “short” of this pair, the trend reversal will be occurred
to regain this short. The technical indicators are providing great confident on
this predicting uptrend.
The main possibility is by the oversold condition has
achieved and will be expecting a bunch of 80+ pips in favor to EURO. The second
possibility is to move towards the high resistance and gain more than 400 pips.
No comments:
Post a Comment