NZDUSD: Larger Time Frames Offer The Best Clue!
https://www.tradingview.com/x/H2KFMpGc/
NZDUSD has been giving off uncertain price action lately. On lower timeframes one may expect imminent breakout to the upside, but switching to larger timeframes the picture looks quite different--- we are still bearish, that is.
I expect price to continue a little further down based on the monthly timeframe before a trend reversal could play out. But that's just my opinion, the market has its own.
In any case, a breakout in whatever direction on 4H should more likely dissolve all doubts.
Cheers!
NZDUSD has been giving off uncertain price action lately. On lower timeframes one may expect imminent breakout to the upside, but switching to larger timeframes the picture looks quite different--- we are still bearish, that is.
I expect price to continue a little further down based on the monthly timeframe before a trend reversal could play out. But that's just my opinion, the market has its own.
In any case, a breakout in whatever direction on 4H should more likely dissolve all doubts.
Cheers!
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