Another great move that is yet to give us the way forward, which also makes sense for 2 reasons:
1: Wellington (New-Zealand) is the 1st market that opens and would thus have the first sense of market direction.
2: Price is around the 50% fib retracement and could be ripening for reversal.
Either way, Friday is here so there might not be any volatility left for the week. This is also another reason NZDUSD's price point is pivotal even when looking into the next week forecast.
1: Wellington (New-Zealand) is the 1st market that opens and would thus have the first sense of market direction.
2: Price is around the 50% fib retracement and could be ripening for reversal.
Either way, Friday is here so there might not be any volatility left for the week. This is also another reason NZDUSD's price point is pivotal even when looking into the next week forecast.