NZDUSD Analysis For The Upcoming Week

After reaching a weekly key level price dropped massively but since then we may see it has reversed half way of the sell off. Most likely we are at the begining of a correction before a new move to the down. What we should do is wait for this correction to end and sell NZDUSD aiming for the D point of a bullish cypher pattern which will probably end this downmove.

So in this analysis we have two potential setups with selling being our first priority. If any sell setup completes i will update this post.

Key Weekly Level:

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Have a nice trading week..

Commento:

As we mentioned in our post we should wait for a correction before selling the market. We now have a pending setup we can sell when price completes the c wave. We also have a nice buy opportunity