The bearish bias continues but in the past hour, price has only been seen spiking. I thought I would revisit this trade and also inform readers that the analysis is still good.
I've added stochastics to the charts to get a better idea of price. As you can see, the bearish stoch hasn't been formed yet, which explains the bullish rise in price for NZDUSD in the past hour. At this point, we are quite close to getting a SELL signal from the Stochs so an entry at this point would be idea.
Revised take profit levels would be 0.82724, followed by 0.8235 and finally 0.814 (which will happen around next week).
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