The price action is reaching the top of the downtrend channel. NZD seems overly extended to the downside over dovish reports. Additionally, this entire move seems to be a corrective wave structure, downside is still of higher probability. Would enter in a short position here.
TP 1: 1.64400
TP 2: 1.63600
TP 1: 1.64400
TP 2: 1.63600
Trade active:
Trade has been active since I posted, moving rather slowly so I would monitor it closely, however moving like how I expected it to. So that's a plus. Currently, at +30pips.
Trade active:
+77 pips. Look for possible retracements and take some profits at 1.64350