Watch NZDUSD to commit to downside

hello everyone:

Similar like AUDUSD, I have been sharing NZDUSD forecast for possible sell. They continue to move up correctively, but it doesn't void the potential bearish development from the price.

Now we can see the ascending structure continue to evolve and develop, more bearish bias are formed within.

The latest development show smaller ascending channel, and a sharp bearish reversal impulse down.

Be on the look out for bearish continuation on the lower time frame to develop, and confirm our sell bias to the lows before entry.

Thank you

評論: