NZDUSD sellers failed on a break below a key trend line on the daily chart this week. Does that failed break open a door for buyers going forward?
Not so fast!
Buyers have some control on the failed break, but they need to do more.
In this video, I take a look at the NZDUSD from a technical perspective and out line the key levels in play and what needs to be done by those buyers if they are to take more control going forward.
This article was written by Greg Michalowski at www.forexlive.com. Source