I reengaged short on this pair after RBNZ.
Initially NZDUSD moved lower on the backs of dovish statements from RBNZ, maintained their rate at 0.25%, kept their QE program unchanged.
However, it quickly recovered, especially on AUDNZD we saw sharp selling.
Technical we see long-tail candles, suggesting selling pressure, trading back below the downward trendline,...
It seems like we are forming a triple top reversal setup on AUDNZD.
RBNZ is coming up next week, some people are expecting the central not to be too dovish else it will fuel its already housing price problems
Risk reward looks good to short here
The sharp rise in NZDUSD has give some signs of exhaustion in the recent trends.
June 09, 2017 Stochastic death cross death cross from above 80, bearish signal (1st signal)
June 14, 2017 the RSI moved from 74 to 64 the next day (2nd signal)
June 19, 2017 MACD death cross with histogram being negative, although the signal line was still above 0, this was medium...
