Weekly Chart
Weekly chart for NZD-USD is
very interesting for the following reason :
- There is a negative divergence between the prices and the momentum indicators a the prices make a higher highs and the momentum make a lower low .
- There is a negative divergence between RSI and the prices .
- A potential rising wedge is forming right now between the 0.8470 points and 0.7450 points .
*All this points suggest a down move are coming for
this pair with 1000 pips .
I am short with a stop loss
0.8705 points , I will add the position when the pair break through the 0.82500 points which is the lower boundary for the anticipated wedge .
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