Small head shoulder in big head shoulder forming
in hourly chart, price is forming a smaller head shoulder pattern, maybe candles will consolidate here for some time, but anyway the target in my last post about this pair is approaching..(www.tradingview.com/...A-trading-the-range/)..... then if open this chart bigger, this small head shoulder maybe just located in another bigger one in this chart, if so we could expect a bigger target 1.09-1.13 zone;
fundamentals, aussie make a dip after RBA rate cut by .25%, but reversed quickly, indicate that this pair refuse to go down, and with generally good data released recently, aussie seem more possible to gain more strength in the coming days; in the other side, NZD data is mixed recently, and with RBNZ rate decision minutes ahead in next week, there might be some price in process in kiwi, that kiwi maybe neutral or weaker in the coming week with the strong expect of rate cut ahead....
all in all, this pair is more possible climb higher in the coming days..
fundamentals, aussie make a dip after RBA rate cut by .25%, but reversed quickly, indicate that this pair refuse to go down, and with generally good data released recently, aussie seem more possible to gain more strength in the coming days; in the other side, NZD data is mixed recently, and with RBNZ rate decision minutes ahead in next week, there might be some price in process in kiwi, that kiwi maybe neutral or weaker in the coming week with the strong expect of rate cut ahead....
all in all, this pair is more possible climb higher in the coming days..
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lock half Profit here 1.074
