TIMEFRAME – DAILY
SHORT TERM BIAS- BULLISH
LONG TERM BIAS- BEARISH
NZDUSD, With a strengthening USD and a weakening NZD this year due to plunging business confidence and the pushing out of Reserve Bank policy tightening expectations, I see NZDUSD hitting 0.62 by Christmas.
Technicals see a minor recovery to 0.65 region before seeing a fall. shorts at 0.651, TP at 0.62. Plan stops accordingly.