NZDUSD retraces 50% before each UP impulse. Sellers beware!

٢٧ سبتمبر ٢٠١٦

This will make a great sell one day, but right now it looks uncertain to me. The last 3 up impulses have retraced 50% before taking off again. We could be in for another move up after the latest bounce from 50% (7220). I'd like to see a break of 7200 before selling again.