Make up your own mind and go with it. The breakdown was decisive but decisive breakdowns usually keep on going. The move up is now right at the breakdown point. A firm close above this area will have me going long on Monday with a tight stop. However a breakdown from here will have me doing the opposite
Comment:
IMO with respect to possible upside action this instrument has dissapointed. NZD is a short. Fundamentally this currency is based on agriculture and it is falling right now. So despite some weakness of the $ against the euro I am not willing to buy the NZD and may sell it