NZD/USD – H&S breakdown but loss of momentum

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
37 0 2
Despite the head and shoulder breakdown, the loss of momentum is likely as the intraday indicators are oversold, thus a sideways action around the neckline level of 0.7065 could be seen before the sell-off unfolds.

Bearish invalidation is see only if prices retake the rising trend line and the daily RSI moves back above 50.00 levels.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out