Im seeing some interesting price action here on NZDUSD. in particular 4H structure is showing me that we may be bullish at least for a little while. I do see the bearish strength fading just a little bit, evidence being the HL that has formed (that also produced a inverted head and shoulders with good pips, most of the action taking place last Friday) and we are wedged between two trendlines. The daily trendline is ascending. if we break the daily trendline, we can expect to fall further to 0.6400 and 0.6300. The 4h trendline is descending, breaking this trendline opens the way for longs up to 0.6600 and 0.6700. these are the two scenarios i will be looking at for NU this week. I do favor the long plays in the short term just to give the market some relief before falling violently down to as low as 0.6000.