NZDUSD broke and retested a weekly support now turned into a resistance. EMA's have a correlation from the weekly to daily and H4 timeframe. All our technical tools are giving us the confluence to go short. As an extra confluence and confirmation; the DXY (dollar index) is currently on a bull run leaving NZDUSD having a negative correlation with the dollar since it's not the base currency.
Trade stängt: Stopp nått