The Weekly chart however shows that the lower has been violated a few weeks back. Given the break of the this NZDUSD is showing signs of consolidation before heading for another dip. Keep in mind the direction for short on this pair depends on where the monthly candle closes and how it closes.
The shows the channel forming has been broken (not yet, depends where today's candle closes). Its a further confluence factor that NZDUSD is consolidating and will likely rise to retest the of on weekly charts.
Both Fundamentally and Sentimentally NZDUSD is a SELL for now. I would personally not place any trade until i see how the monthly candle closes and the downward pressure which might occur in the coming month. at the moment i am just watching this pair closely and if the criteria for short position is met i will execute it in the near future.
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