Price reached resistance trendline on the daily chart
Initial bearish engulfing candle last week, then 3 bullish candles followed by a break of resistance trendline, however this can be said for UJ as well, and that's going up.
Upper wick of that candle is longer than the body, so i'm inclined to go short on NZDUSD
Very weak USD due to news today, I take it as a sign of its strength that it managed to recover so well.
Initial bearish engulfing candle last week, then 3 bullish candles followed by a break of resistance trendline, however this can be said for UJ as well, and that's going up.
Upper wick of that candle is longer than the body, so i'm inclined to go short on NZDUSD
Very weak USD due to news today, I take it as a sign of its strength that it managed to recover so well.
