Ransquawk

An interesting technical situation takes place on a pair of NZD/USD on a daily basis. An upward correction on the New Zealand to the recently strong US dollar dollar is also a fact. Monday began with a rise, aimed at negating the Friday pin bar. It can be assumed that the potential range of further upward movement, we would estimate around 0.6670. It is there that the repetitive range (green box) would end similarly to the last three corrective movements. On the one hand, it is a chance to play on increases for short periods, on the other hand, it may soon turn out to be an opportunity to play in accordance with the prevailing downward trend.

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Ransquawk