If close below .8505 today look for a sell reason monday
Early this week we were looking for a sell but it didn't get triggered.
Watching the weekly chart you can see the weakness in the NZD still in place
We are at fibo resistance level
We have not get markedly apart of the 0.8504 resistance
If this friday fails to keep the close above that resistance, the failure will encourage the bears to give it another chance to the shorts
So I suggest put this pair in your check list for monday because if do not close above the resistance, all the divergences and the weakening scenario that you can see in this chart will make the bears drool again
Watching the weekly chart you can see the weakness in the NZD still in place
We are at fibo resistance level
We have not get markedly apart of the 0.8504 resistance
If this friday fails to keep the close above that resistance, the failure will encourage the bears to give it another chance to the shorts
So I suggest put this pair in your check list for monday because if do not close above the resistance, all the divergences and the weakening scenario that you can see in this chart will make the bears drool again