I am taking a entry as the i expect will close with a inverted hanging man- a sign of a reversal.
Within the next 24 hours we will have the release of the NZD Trade Balance. It is expected to increase on last month by 321 Million. Should this fall below consensus, we will see a rapid drop. Should the trade balance come out as expected (or higher) I will re-assess the position.
See previous on this pair as the consolidation began!
X:B = 78.6%
A:C = 38.2:88.6%
B:D = 1.618-2.24%
X:D = 127.2%