At the beginning of a new week of trading, the market has just opened

It is an exciting start to the week for me, as Nzd/Usd and Nzd/Chf are clinging for life;
holding either just above or on the weekly trendline
If there will be any Nzd recovery back up the price can not move any lower from here

I had to close my position Nzd/Usd at the end of last week due to margin requirement over the weekend
and have started by putting in a buy stop Nzd/Usd around 0.848;
if price action reaches here tonight I feel it should be safe to say we are back on the way up
and will be leaving the trendline below behind us

If the trendline breaks to the downside all Nzd pairs will probably drop (much) further
and I will decide what to do next in the morning;
there is some economic data from NZ coming in over an hour
and this may be a indicator or the start for the preferred direction Nzd will take
الترجمة الى الانجليزية اظهار الاصلي