NZDUSD pair has been moving inside a channel since 2016 and it is now approaching the upper band of the same. I think the pair will react to this zone and given the fact that there is bearish divergence forming at the moment I think selling is the right move here.
NZDUSD Technical Analysis:
D1 – channel
H4 – bearish divergence forming
NZDUSD Sell Idea Entry:
Look for bearish divergence and/or false break around the top of the channel (the trend line) as a trigger.
Targets:
Collect first profits around the first supportive zone and let the other part run.
Yours,
Vladimir
