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capitalpropertiesfx
Aug 15, 2014 7:11 AM

NZDUSD - Daily  

New Zealand Dollar/Japanese YenFXCM

Description

Price broke the weekly trendline but found buyers from a fairly decent support area and now is pushing firmly higher. Ideally, I would like to see a re-test of that trendline very close to the absolute highs or a clear failure near the Short-term resistance to look lower.
However - the double top there is something that annoys me, since I do not consider double tops as good reversals, instead I consider them weak reversals because it is a clear SL area for shorts, hence price may just spike through it.

Whatever the case will be - this pair is worth tracking this month.
Comments
capitalpropertiesfx
Oops.. title is wrong. This is NZDJPY not NZDUSD.
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