Technical Analysis

PS: GBPUSD is making a similar price action and consolidating around the trendline. Could be another good selling opportunity

NZDUSD is currently trading at weekly high (WR2-Bulls profit taking zone) in daily down trend. I'm pairing my NZD sell trade plan with dollar strength that kicks in yesterday, so this would be a good pair to go short.

On the hourly perspective, price had a strong bearish impulse and made a lower low, if price consolidates around the trendline, I'd look to go short at the break of the trendline. Alternatively, I'd look for signs of reversal in smaller TF around the 61.8% Fib Level for selling opportunity.

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