I think this is the first time ever I posted about NZDUSD on this blog.
Here is my chart. NZDUSD, daily timeframe.
As you can see on the chart, NZDUSD is currently above 0.8000 major psychological price.
A few things that really catch my eyes on the above chart.
- Potential bearish divergence on daily timeframe
- RSI nearly reach overbought level (not yet overbought enough)
- Testing major trendline
Still don’t want to short?
The above chart is from my Instaforex Metatrader 4 platform