NZDUSD WEEKLY ANALYSIS - BIG ENGULF BAR

Hey traders,

This is my analysis on NZDUSD on the weekly timeframe.

As we can see last week Bears were in full control.

Last week's candlestick engulfed 2 previous week's price movements.

I see this bearish trend for the NZDUSD although there may be a slight retrace.

The interest rate decision from the Bank of New Zealand comes out tomorrow which should add liquidity to the markets.


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