NZDUSD: The MOST BULLISH Pair of 2020
In 2020 NZDUSD naturally kills pullback & counter-trend traders.
Since March the pair is sharply bullish and breaks one resistance after another without any hesitation.
32% net growth. Crazy...
I have tried a couple of times to short the pair but realized that bears simply refuse to push.
Now the closest major resistance is based on 0.74 - 0.755 resistance cluster.
That area is based on 2016th's, 2017th's, 2018th's highs.
I will consider short opportunities only from that area.
For buying, I would recommend waiting for a pullback because the pair looks quite overbought.
Why NZDUSD is so bullish? What do you think?
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