Price is price, therefore monthly charts shouldn't be discounted. In recent months NZDUSD
has tried to push towards the 0.88 level. It has only ever achieved this once (according to MY charts), and that was back in 2011. This month, price has formed a nice looking BEOB
off this 0.88 level. Further, with huge divergence displaying on MACD
, this illustrates a bearish
outlook for this pair. I see FTA
at the 0.83 level. Nice and simple, watch this space!