NZDUSD Analysis April 26, 2020

On the weekly timeframe we found support again at our weekly level. Overall I am still bearish on this pair. The H4 timeframe has made consecutive LH’s and retest the same support level. It just so happens that this support level is also a weekly level of support which is MAJOR. As we retest a minor level of H4 resistance I will look at this bearish confluence area to short based on LTF price action confirmation or a break of this trendline and resistance level followed by a retest before going LONG.