Possible bounce off support to test trend line.
NZDUSD is on an area of support. With the DXY looking bearish, am watching for a possible bounce.
Price has broken the sloping trend line below resistance at 112.60 so am watching for a test of support along lower sloping trend line.
Looking for test of support along sloping trend line.
Looking for a test of support around 87.50 and, if that breaks, a test of support along the sloping trend around 86.70.
Price has broken the sloping trend line. Am watching for a potential retest and move up to close the gap with retest of previous high.
With risk-off action am watching for a test of sloping trend line around 107 with a potential break down to the 1.618 extension.
Fib retracement lines up beautifully with the sloping trend line.
Am watching for a possible retest of the .618 retracement level on the lower side of the middle sloping trend line and a possible rejection. Perhaps even a test slightly higher up at the line itself around 1.2035.
Am watching to see whether prices breaks down from the current level, or retests resistance around the .8060/70 level and is rejected there for a possible short.
Watching for a test of resistance at 88.50 at the upper sloping trend line and a possible short.
Price has hit the 1.618 extension of previous move. Am watching for a short back to trend line.
Price is currently below resistance but am watching for a possible spike through to test the upper sloping weekly trend line. Then, from either the current price or the trend line, I am anticipating a move down to test the rising trend line.
Price retraced to .5 level of last up move and is now on support. Am watching for a possible move up again but possibly only up to the .618 given we are near the top of the channel.
Price has followed trend lines nicely so am expecting more of the same down to test the lower weekly trend line before a possible move up.
Price approaching support.
Price was already heading up prior to NFP. During the release it tested support at near the .5 retracement level and was rejected. Am watching for a possible continuation long next week.