NZD/USD: Looking weak as per our last setup
Our last setup seems to confirm on NZD/USD.
Daily shows that current LS broke its KUMO. Prices yesterday attempted to broke the bottom of their KUMO but were rejected. The extension of the daily SSB (0.65467) has been also broken suggesting downside pressure.
H4 shows that prices attempted to join the TS but were rejected indicating that there is no bullish signal. The slope of KS is also pointing downwards which is not a positive sign.
H1 indicates that prices until 8AM were choppy and attempted to broke their KUMO but were systematically rejected. The bearish confirmation comes from the big candle which broke KS downwards. The LS is also breaking its TS from the upside.
Should the daily LS be < 0.65467 we have a confirmation of a bearish setup.