we expect this pair to short this week as it is in a key resistance zone forming a bearish flag , the pair should fall to the next support level , but with the economic condition of NZD we dont know yet , trade carefully with Good risk management as it a Good trade to take with proper risk to reward.
we will buying the correction of the market for another major move to the downside . from 1.800, that is a strong resistinace zone i doubt the market will break through . ..
we should be seeing a sell on the 91.500 level , only when we see a bearish pressure on it , then we activate the sell ... for now we stay patient
we expect to see a revesal soon on this pair but it all depend on the strength of dxy
a break above the trend line should leave you for a long buy , while a break below the structure should leave for a short , but trade is in recovering phase ........
we are waiting for price to touch back to the resistance 0.6800 before going short on this pair. the price will drop to 0.6500 before .. where there will be a confirm bullish buy , good luck trading
there are mutiple confirmation on this , head and shoulder , a touch of the trend line , just buy with good risk to reward.. am going long on this , give me a like if you like the analysis , trade safe , and wait for a bullish confirmation before going long . thanks .. am still a novice though...