The chances are very high the pair will come down in the nex few sessions. The impulse-correction relationship is very obvious on the chart. This brings us to a conclusion that there is going to be at least one more down move back to the trendline.
However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides its interest rate. Therefore all kiwi moves might be very rough.
Fractology recommends trading this pair when there is a clear breakout. As soon as the pair reaches the trendline, it will be safe to put your trade to breakeven and watch if it goes down to the daily trendline.
However trading this pair might require experience and skills. This night the RBNZ (the Bank of New Zealand) decides its interest rate. Therefore all kiwi moves might be very rough.
Fractology recommends trading this pair when there is a clear breakout. As soon as the pair reaches the trendline, it will be safe to put your trade to breakeven and watch if it goes down to the daily trendline.