NzdUsd - Test Of Resistance For Bear Flag Set Up?
As with a number of markets the NzdUsd sold off late last week providing us with another potential pole of a Bear Flag. It remains to be seen what correction follows but either way we look for a correction of sorts to take advantage of further potential declines next week. A re-test of the broken support as resistance at 0.78160 provides a great place to look for shorting opportunities down towards the targets of 0.77122 and 0.76982 respectively.