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BitterSweetMarkets

NZD/USD Testing resistance..

New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
BitterSweetMarkets Updated   
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
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A falling wedge pattern has formed over many weeks, it may still be forming and so we wait for price action at resistance to help us understand where we go from here...Confirmation is needed...so lets wait a day or two !!
Comment:
Resistance held nicely, a sharp sell off occurred and we have found support around the 7200 area. A convincing break below yesterdays low would suggest another leg lower is on the cards...Its my opinion that would be the time to go short.
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