NullForex

NZD/USD: Bearish Forecast

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.