has been in an uptrend since 2013-08-30, it's last move up is looking exhausted, and has been moving down in the direction of trend-line-resistance and previous structure-resistance for a few days. I think that it's likely to retest the trend. I have a shorting bias on this pair - NZD/USD
, and i think that i will continue to have it for about a week, depending on the analysis of the moves that haven't jet taken place and US dollar
performance with other pairs. I will be looking for shorting opportunities here, but this pair could as well trade sideways. I might post some trading opportunities on this current Bias.
Thank you all for viewing if you like my stuff and want more you can look at it follow me and like my ideas. And as always wish you to strike it lucky and remember next week is another trading week.
Author: Mr. Wizard