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NZD/USD: Evening Star Says Sun May Be Setting On Last Week's Bounce

Discussion in 'Technical Analysis' started by Kaitlin, Nov 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The natural correlation to watch when there's weakness in commodities would be the aptly-named “commodity dollars” (the Canadian, Australian, and New Zealand dollars), all of which are falling today. Perhaps the best technical setup is in NZD/USD, which appears to be forming a potential daily Evening Star* formation at 38.2%[​IMG]

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