DXY and NZDUSD analysis
Woke up to price that is retesting weekly zones signaling reversals.
On the DXY we have a bearish OB on the monthly chart combined with a daily setup. I am waiting for entry confirmation once price breaks the current uptrend market structure.
On NZDUSD, I have price that is testing a weekly support zone combined with a 3 drive pattern and monthly confirmation entry.
I am waiting for the structure break to the upside to buy. Combined with the negative correlation between DXY and NZDUSD.
On the DXY we have a bearish OB on the monthly chart combined with a daily setup. I am waiting for entry confirmation once price breaks the current uptrend market structure.
On NZDUSD, I have price that is testing a weekly support zone combined with a 3 drive pattern and monthly confirmation entry.
I am waiting for the structure break to the upside to buy. Combined with the negative correlation between DXY and NZDUSD.
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