NZDUSD 08252017

27 Ağu 2017

08/25/2017: On the weekly close we see a Bearish Engulfing Candle which went all the way down to .72 for a retest and was rejected. This was a key area of support we were looking for price action buy signals from. On the Daily we see a Three Wick Pattern has formed indicating we are headed back to the upside to at least retest .731. I am personally waiting more clarity on where this pair is going to go before an entry. We have been stuck in a 100 PIP range for nearly two weeks. Longer term I see this pair retracing down to .709 before returning to the bullish trend