There was a debate among traders in previous days on how NZDUSD
will act as it was reaching a key resistance level
. Looking at the chart we see that price didn't get to the resistance level
although it came close and with a sharp impulsive move to the down it broke the trendline
which acted as support to the upmove towards the key resistnace level.
divergence ith AO adds to our thought that NZDUSD
is going south. Waht we should do now is wait for price to make a correction (might retrace at 0.618 fib level of the impulsive move which broke the support) and then go short.
This is my first idea in 2016.. I wish everybody a very happy new year,