NZD/USD broke through a decent weekly zone and seems to be re-testing. If it fails to break through this point to the upside, we could be looking at some continued downside movement. But if it successfully breaks upward with a re-test, we could be looking at some decent bullish gains. Time to play the waiting game.
My bias is toward the downside as NZD/USD has been bearish, and the trend remains bearish until proven otherwise.
My bias is toward the downside as NZD/USD has been bearish, and the trend remains bearish until proven otherwise.