NZD Short Play
After a brief rebound into and above the kumo, price action has broken below the kumo again, with neutral k/t. In the short term I expect price action to touch the resistance zone at the kumo bottom + K/T confluence before falling again towards the old trendline and psychological support near 0.83. A break and close above the kumo top or RSI break above the trendline resistance may indicate further consolidation. Barring lower lows or higher highs, kijunsen will remain flat for the next 20 hours or so and tenkansen will dip below the kumo this afternoon, pushing the resistance zone slightly lower.
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