After following this pair closely over this week I was looking for a break of the counter trend line when price was indecisive at the key level of 111.90. I would have needed a break of the counter trend line for me to be convinced this was a start of a reversal.
As price has continued to fall over the period of today and closed with a strong bearish weekly and ...
NZD/USD is showing bearish signals. After completing multiple timeframe analysis, all signals indicating lower price action. After breaking the retracing wedge the retest has occurred and I have entered a short trade.
After multiple confluences on multiple time frames showing bearish momentum I have entered a short trade. The one hour break and retest has given me the best entery for risk reward. First target of 1.08535 but expecting it to go lower.