On New Zealand Dollar
v US Dollar
price have made one leg to the downside
(X-1) and have now pulled back to the MIDAS R1 Curve which happens to line up with 4HR Supply and Resistance (Blue Horizontal Line). The MIDAS Support Curve S1 have now become RESISTANCE
as price made its first leg to the downside - terminating the uptrend. Momentum is also showing signs of upcoming bearish
momentum in form of a bearish
divergence in overbought conditions.
MIDAS Trading Tools for MT4 @MQL5.com