NZDUSD LONGS & SHORTS NEED TO WATCH THE CLOSE AGAIN TODAY
NZDUSD remains below the 100 day SMA, which signals weakness.
The disputed 8/24/2015 flash crash low makes it difficult to determine the lower line of the triangle pattern.
If NZDUSD closes above the first doji candle and orange trend line on the daily charts , the ascending triangle will remain in affect.
If NZDUSD closes below the first doji candle and blue trend line on the daily charts , the ascending triangle pattern will no longer be in affect and the down trend continues.
Good Luck!
The disputed 8/24/2015 flash crash low makes it difficult to determine the lower line of the triangle pattern.
If NZDUSD closes above the first doji candle and orange trend line on the daily charts , the ascending triangle will remain in affect.
If NZDUSD closes below the first doji candle and blue trend line on the daily charts , the ascending triangle pattern will no longer be in affect and the down trend continues.
Good Luck!