NZD/USD - Waiting For The Trend Line Retest Before Going Short

Short

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

FX:NZDUSD New Zealand Dollar / U.S. Dollar

Chart: Daily
Market: Bullish

Bearish Indicators:

1. Monthly chart displays deceleration pattern with price rejecting 50 EMA - overall trend is bearish
2. Weekly high test candle rejecting 0.73 major Daily/Weekly resistance level
3. Daily double top (blue circles) + high test candlestick pattern
4. Daily trend line acting as key resistance level

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