it will only drop a little more before shooting up to at least 0.63
+1 Reply
@Forex_Flow Given a bullish flag formation, you have one confirmation.
However, we may see US dollar weaken.

We shall see! Wish you a good trading week next week!
Why short support? USD will get weaker IMO, check out my USDJPY set up.
I think NZDUSD is a buy, not a sell.
@S26NYS, Price is descending, broke out of a wedge pattern therefore I was expecting a retest to recent level of support to form a higher low; then a continuation to the downside.
However, price appears to be testing the descending trend line, of which... if it breaks, then that is our confirmation for a buy. If it rejects that's our confirmation for a short.