NZDUSD to make a Lower High?
NZDUSD is interesting on the 4 hour chart.
We have had an uptrend with higher lows and higher highs and then we began to range indicating an exhaustion of the trend.
I am waiting for a confirmed lower high here. This means we may see a pullback like we are now before eventually breaking below recent lows here at 0.6370.
If we do break and close thereby confirming the lower high, I would target the 0.6300 zone.
We have had an uptrend with higher lows and higher highs and then we began to range indicating an exhaustion of the trend.
I am waiting for a confirmed lower high here. This means we may see a pullback like we are now before eventually breaking below recent lows here at 0.6370.
If we do break and close thereby confirming the lower high, I would target the 0.6300 zone.