NZDUSD Flag Pattern and Stochastic Overlap?
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NZDUSD has formed a flag formation on the 1 hour chart timeframe. Monday 25th July 11:45pm GMT time there will be news about New Zealand's overseas merchandise trade; having medium impact but not expecting it to affect the currency.
The stochastic indicator is yet to go up but once the two moving averages are in the overbought zone and crossover, it'll be a good time to short NZDUSD, assuming it goes this way.
The stochastic indicator is yet to go up but once the two moving averages are in the overbought zone and crossover, it'll be a good time to short NZDUSD, assuming it goes this way.
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