Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautifully downtrend.
Weekly: The weekly timeframe is in a downtrend too with nice up and down waves.
Daily: The price closed under the daily resistance area .
H4: Here we draw the counter trendline . The price has already confirmed the counter trendline .
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is in a beautifully downtrend.
Weekly: The weekly timeframe is in a downtrend too with nice up and down waves.
Daily: The price closed under the daily resistance area .
H4: Here we draw the counter trendline . The price has already confirmed the counter trendline .
Have a nice day.