NZDUSD Weekly Analysis.
Confluence on NZDUSD:
1. Price on the daily timeframe rejecting the trendline.
2. Also price on the daily timeframe close as Engulfing.
3. Price rejecting Quarter Theory level.
4. Already broke the double bottom neckline.
5. Price rejecting the 50 level fibs on the higher timeframe.
So i'm gonna wait price retesting the neckline also there's have 38.2 fibs level on H1 timeframe.
1. Price on the daily timeframe rejecting the trendline.
2. Also price on the daily timeframe close as Engulfing.
3. Price rejecting Quarter Theory level.
4. Already broke the double bottom neckline.
5. Price rejecting the 50 level fibs on the higher timeframe.
So i'm gonna wait price retesting the neckline also there's have 38.2 fibs level on H1 timeframe.
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