I know this is EurAnalysis but I wanted to get some of your opinions in regards to my current NZD/USD short this past Friday @ .8327
Thoughts / Input is welcome from both bulls and bears alike. Due to NZD being up against strong weekly resistance, AUD is coming up (within 50 pips) to a weekly downward TL @ 1.055 I feel EUR could have also already hit the top recently at 1.312 (triple top) so I am now USD bullish for the foreseeable future.
I was not ready to short any USD cross pairs until now. Was waiting for other pairs (such as NZD and AUD) to reach the above mentioned resistance zones / TLs.
**If NZD/USD does overshoot my current weekly resistance I see .8424 as being the LAST area of resistance as it has only had a weekly close over this zone once in history.
Also, could somebody confirm is we now have a triple top on NZD/USD Daily chart? Thank you in advance.
Thoughts / Input is welcome from both bulls and bears alike. Due to NZD being up against strong weekly resistance, AUD is coming up (within 50 pips) to a weekly downward TL @ 1.055 I feel EUR could have also already hit the top recently at 1.312 (triple top) so I am now USD bullish for the foreseeable future.
I was not ready to short any USD cross pairs until now. Was waiting for other pairs (such as NZD and AUD) to reach the above mentioned resistance zones / TLs.
**If NZD/USD does overshoot my current weekly resistance I see .8424 as being the LAST area of resistance as it has only had a weekly close over this zone once in history.
Also, could somebody confirm is we now have a triple top on NZD/USD Daily chart? Thank you in advance.