Trader_97

KIWI/DOLLAR CLOSES THE WEEK WITH CONSOLIDATION

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
20 0 1
OK SO NZD/USD             CLOSED LAST WEEK AT 0.6534.BEFORE THAT PRICES CONTINUED TO TRADE INSIDE A DESCENDING TRIANGLE AND WE MAYBE NEARING A BREAKOUT SOON WHEN WE KICK OFF NEXT WEEK.WAIT FOR A BREAKOUT AND PRICE CLOSE ABOVE/BELOW THE HIGHLIGHTED AREAS.TREND ON H4 TIME FRAME REMAINS BEARISH FOR SHORT TERM.PRICES STILL TRADING BELOW THE 100 DAY SMA AND 50 DAY EMA.LOOK TO GO LONG IF WE CLOSE ABOVE 0.6555 AREA AND SHORT BELOW 0.6478 AREA.
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