I am neutral at the time I write but if we close the week below the second support it will be a triangle break and I will turn bearish with the target on my chart.
I was bearish on the NzdUsd (I put up an idea already) however with this weakness in the DXY I am having to re-assess. What would help the bearish idea will be some beaarish internal fundamental news about NZ.
stoneja
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@Olu, my sentiment is more bearish than bullish, but what I think is not important, the market will decide and anything can happen while we stay on those support. I like the analysis on your profile :)
Olu
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@stoneja, My sentiment is also bearish. I published an idea based on a 2618 sell. I was only observing where your chart currently stands. Good luck to both of us with this idea