The bears on NZDUSD has been showing signs of slowing down in recent times, but its always adviseable to go with the dominant trend, in this case, bearish. The day closed with no significant moves as the entire trading was sequisted by the previous day's, leading to the formation of an Inside Bar trade setup. Price also now trades around key resistance and there is great possibilty that price would be rejected at about 0.8070 region, which should lead to the formation of a fakey setup. The trade room already has its pending sell order in place. However, this scenario would be completely changed if price were able to close above this key resistance zone.
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