FX:NZDUSD New Zealand Dollar/U.S. Dollar
This time i found something interesting on the kiwi dollar. Notice how the High at A is just above the highs B and C, this is nice but not what i would like to see. Though it opens up the possibility for a short at A if price creates a PA signal while under the line. As it stands the formation at A, which is a known PA signal btw , is to high up and also above B+C. I wouldn't condone going short at support and that is what this currently looks like to me. But if this does set up, h4 charts work for that also mind you, there is some sweet potential in this one. If we would get a short move i think a target at D is something that i'd use. We will just have to wait some more days to see what happens here.