Looking from the H4, there is a rising wedge, and also MACD shows divergence. It's a nice to prepare a sell setup for this pair. Stop loss above 0.78. Trade carefully.
I think USDJPY is on the way making 5th wave. Watch closely this pair as its already break the down trend.
After yesterday's interest rate cut by BNZ, there is higher probability NZDUSD will continue to go south following the major trend since July 2014. RBNZ Governor, also Graeme Wheeler comment that a recent major slowdown in China could have a negative impact on New Zealand’s economy, underlining fears over a China-led slowdown in global growth. As for next week,...