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Mihai_Iacob

NzdUsd- Imminent breakdown

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Mihai_Iacob  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdsignal
27
14
trendanalysis chartpattern indicator nzdusd nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdsignal
Since the recent top at 0.7450, the medium-term trend for NzdUsd is down
The rise from 0.71 to 0.725 is clearly corrective and a break of confluence support looks imminent
I'm bearish this pair as long as the price is under 0.7250 recent top and sell rallies against this resistance can be a good strategy.
0.71 low could be the target
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