NullForex

NZD/USD: Bearish Forecast

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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1
Price is kind of at a weak point for confirmation but you can clearly see the establishment of a triple top and the last top, you can see a clear stop hunt as price attempted to break bullish (and bounce off TL) but has instead broken the bullish trend line and is currently consolidating. I am expecting a retest of the trend line with just enough pressure to retest near the previous highs in order to continue downwards for a 200+ pip move.

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