Looks like the pair is trying to get to the trend line and possible tha beginning of a next impulse down. That remains to be seen from the type of descend it makes. I will wait for it to breake the H4 up trend first, and then to get on board.
Comments
D-Styles
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Soooo where's the fundamental view..?
ValeriuV
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I consider the Interest Rates cut to be a negative long term factor, and should help the technical view.
D-Styles
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it ws actually positive... that's why Nzd skyrocketed....read the report. I did expect it go downwards slowly
ValeriuV
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I do not try to be the smart one , but I wonder if the report was positive why the market reacted like that, it did not made a higher high and instead lost the pips gained in 24 hours time.
D-Styles
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just becuz it didn't make a higher doesn't mean it was bad.... such things shouldn't be mentioned if u don't know it.