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NZDUSD: High Probability Trend Following Trade

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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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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