NZD/USD – downtrend, short-term correction

NZD/USD – downtrend, mid-term short and short-term correction to diagonal resistance between the last 3 tops

Still the indicator shows that the short-term movement is Long and there might be a test of the resistance at 0.6694, where i will looking for a signal for decrease and sell in direction of the trend

If the price reach 0.6694 i will wait a signal for sell from Stoch or CCI on a smaller chart

I will wait for new descending impuls, because the price might cross above 0.6694 and to form an impulsive ascending movement and to reach my stop

 Varchev Traders

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