FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
This is how I see this pair at the moment.
My view can change later on, if we start seeing conflicting moves. At the moment, I believe that this could play out.
This is a very long-term view, but still could work out.
I will not recommend any entry points, but if we clearly start seeing this pattern forming, then this could potentially be a very nice trade to the downside. But not now. Let it walk.

As always, keep an eye on the price action.

Comments

Good call so far. Well done
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DariusAnucauskas elroytrader1
@adatherton, Thank you.

But yes, exactly, so far... =) Still the right shoulder would need to develop. But, as we all know, the markets don't do what we think they would do. =)
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