Hi friends,

In this post i will show you why I think that the New Zealand pairs are building a correction soon.

First, almost ALL of them, NZDUSD, EURNZD, AUDNZD and GBPNZD creating and BB duplication on daily chart.

Second, they ALL created more than 20 candles ride and a divergence on the 4H charts. So for me it is a clear sign of NZD weakness coming very very soon.

I choose two charts to explain my thoughts.

NZDUSD 4H (Click to enlarge):

And here is the AUDNZD 4H (Click to enlarge):

I think I should not add anything else, just watch the chart and you will understand EXACTLY what the pairs tell us.

Happy forex trading

Yours,

Vladimir Ribakov
http://www.divergenceuniversity.com/