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NZDUSD Downside Targets

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Itumeleng_Stimela  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD newzealanddollar DJ FXCM Index nfp short
2
1
trendanalysis chartpattern indicator nzdusd newzealanddollar usdollar nfp short
NZDUSD Downside target one (0.72000) was reached late last week early this week. NFP results may push the pair to further lows. Previous support of 0.72470 broke. Confluence with the alligator cross and a break of the 23.6% Fib zone. We will wait for Target two to be hit (0.70890) and a break of the 0.72520 support before adding more short positions.
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