NZDUSD might have made a change in trend..
After price made a big rally to the top labelled wave 5, I have been expecting a turn around in price.
The drop that we saw from last week might signal that the bears might be taking over.
Now to join the force in control I am expecting a correction move in a form of a channel and then I can join the bears.
I am expecting price to find support at around the 50% level or the 61.8% level, even the 78.6% level can be a reliable resistance level.
Happy trading to you all.
God Bless You.
The drop that we saw from last week might signal that the bears might be taking over.
Now to join the force in control I am expecting a correction move in a form of a channel and then I can join the bears.
I am expecting price to find support at around the 50% level or the 61.8% level, even the 78.6% level can be a reliable resistance level.
Happy trading to you all.
God Bless You.
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