the current trend is a down trendline and the price is moving in nice decent waves. if we do a back test you would see that the price will soon hit a strong area of resistance. we should be ready with a sell trade around this area that happens to be the 61% fib level.
NZD/USD H&S Pattern Is Ready Now To Give Us A Buy Trade
after multiple times the price failed to close below the support we finally had a daily closure below it now we can expect that the price will retest the area giving us a good sell setup
We are seeing a reversal soon on the NZD/USD pair. Price has steadily climbed back up into resistance at 0.65229 and now a series or red bars are forming. Waiting for a long red candlestick pattern to break and close below 0.64229. Be patient traders.