NZDUSD is forming a corrective pullback within a descending channel aka bull flag. On the fundamental side, New Zealand had their Monetary policy meeting last week which was concluded with no cut in rates and no sign of future cuts on the horizon for the time being which the market took as a hawkish hold. This boosted the Kiwi and after this corrective move it looks set to push higher in the near term. I'm looking for price to continue holding above support and breakout to the upside within the coming week. Great risk to reward. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
