NEW ZEALAND DOLLAR CURRENCY INDEX

1. Overbought 2. Horizontal support 3. downward trend line 4. upward trend line broken

Hey traders, I wanted to share some short bias on the kiwi for this week. There is clear trendline resistance coming up. If the trendline is broken, be careful trading the breakout as it may be the completion of wave-((B))-of-y. Cheers

Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.

Short NZD index to complete the last wave before the next impulsion

ZXY POTENTIAL BEARISH AB=CD + BULLISH CYPHER