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...
For 3 days price has failed to break the 1.1000 mark successfully, I anticipate a drop to the bottom end of 1.0900 before further movement can be determined.
On the 4H chart, it appears to be a clean triple top. Let's see what happens.
LONG opportunity coming up within the next week or two. We are approaching a very big support zone. I anticipate looking for a reversal signal / rejection at the support to go long. We could be looking at going a very long ways up from here.
It looks like it is time to go long. We have increasing bullish volume, we're making higher lows and higher highs and starting to form an upwards trendline. Going long to the indicated resistance line.