Recently I made a post predicting for a pair to go higher after bouncing at 2.00 level. however it didn't play out as I thought it would. Price went up and then came back down again. Affected by NZD interest rate decision. This price action over last 2 weeks looks pretty much corrective. Price could still go up, but I am concentrating on a better setup.
We also have an impulsive move, break of a trendline and pullback.
Price bounced back from this new resistance level marked with rectangle how…