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Feb 4, 2019 11:48 PM

Ascending Triangle Formation NZD/USD Daily - Bearish Reversal... Short

NZD/USDOANDA

Description

I have been doing some technical analysis of the NZD/USD Pair and I could clearly see this Ascending Triangle formation occuring. The yellow resistance line is a dynamic monthly area & the blue trend line is a weekly area. I will be keeping a close eye on this pair in the coming week to see if these areas carry on being respected as price gets squeezed.
Comments
FXCM
Agree with your baerish view on NZDUSD:

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