NZDUSD: Ready to Resume the Bearish Trend?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    NZDUSD: Ready to Resume the Bearish Trend? The NZDUSD is in an attractive technical position. Could provide a nice short trade. Technical Analysis Position and Developments The NZDUSD is retesting the main falling trend line for the overall long term bearish trend, that started from July 2014 top. As shown on the weekly chart above. In addition to the broken rising trend line for the latest pullback structure(dashed red line). Last week, the NZDUSD has formed a shooting star candlestick

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