FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is currently testing the 61.8% retracement zone of the daily swing high to swing low. It is also forming an ascending channel pattern which is typically a reversal pattern. We also have divergence on the 4 hr. Best thing to do is wait for a convincing break down out of the channel with strong bearish candle sticks, then look for a small retracement and enter shorts. This is for educational purposes only. This is in no way intended to be financial advise. I am not a financial advisor.
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