NZDUSD: Ready to Resume the Bearish Trend?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 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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