I’ve posted the chart on the “Activity” section as well as there has been a problem uploading charts on the Trading Ideas section. This pair has formed a bearish signal on 10 May which triggered a 1800p sell. A bounce mid-July is showing that bulls may want to go for higher prices. A higher low formed already at 1.5450. I need to see a higher high and this means that the 1.5836 price needs to be taken out. There is NZD interest rate news on Wednesday and if it’s cut, a buy up to 1.6160 looks very promising.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.