Market is moving towards recession same way like it approached recession in March 2020.
With the start of the hawkish monetary policy period NZD as a risk currency may visit the bottom again.
Price structure also indicated the price to visit 2020 March lows again.
Price may stay at the current level for a week or 2 and then by loose of bullish momentum may start falling.
With the start of the hawkish monetary policy period NZD as a risk currency may visit the bottom again.
Price structure also indicated the price to visit 2020 March lows again.
Price may stay at the current level for a week or 2 and then by loose of bullish momentum may start falling.
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I need to see divergence on Daily before price starting falling.
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NZDCAD is leading
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