Last week we already reached TARGET 1, but the trend remains bearish , so it is logical to think about TARGET 2, around 1.5030. From the technical point of view, each bounce is to be considered as a SELL OPPORTUNITY. Stop above highest.
Our last PLAN/SETUP
![[EURNZD] SPECULATIVE SELL OPPORTUNITY](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
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Our last PLAN/SETUP
![[EURNZD] SPECULATIVE SELL OPPORTUNITY](https://s3.tradingview.com/5/5Jc3ztut_big.png)
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🔔 2024 Forex Long Term Analysis:
🌐 anonymousbanker.org/
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Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
🌐 anonymousbanker.org/
🥇 Crypto Exchange:
🌐 bit.ly/CryptExchange
Analysis made with 💝
By Anonymous Banker
A TradingView Fan since 2015
The RBNZ meets next week and we think they will attempt to talk down the currency. Since their last meeting in February, consumer spending has fallen, GDP growth slowed, the trade deficit widened while dairy prices declined. There was some strength in the services and manufacturing sectors but with the currency so strong, but many traders don't think that will be enough to ease the central bank's concerns. Well'see!