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NZDUSD: High Probability Trend Following Trade

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    NZDUSD could be ready to resume the overall bearish trend. Technical Analysis Position and Developments Starting from the higher time frame, the price has retested a major long-term trend line for the overall bearish trend. The NZDUSD has retested this trend line several times in the past weeks, but failed to break and hold above. Last week test was also rejected, where the price formed a shooting star candlestick pattern. On the daily chart, the pair has retested the latest swing highs at

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