Mihai_Iacob

NzdUsd- will it finally correct?

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OANDA:NZDUSD   Dólar Neo-Zelandês/Dólar Americano
The combination of weak usd, strong Nzd brought NzdUsd well above 0.7.
The rise from 0.68 is in a rising wedge though, signaling the loss of power.
Yesterday we have a spike above 0.71, quickly reversed, and this time we can have a top in place, at least for short term
A break under short term support 0.7050) would be confirmation for incoming correction and NzdUsd could fall to the bottom of the pattern

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