Sforex
Short

Kiwi: It's the fifth times Kiwi rejects SMA200

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
100 0 3
On Monday, I thought NZDUSD             would break SMA200 and officially escaped the capture of SMA200

But Unfortunately, It bounced from that resistance on Tuesday.

It's fifth times N/U rejects SMA200.

And third time at key resistance 0.6750

I see with that third time, A triple top pattern arises.

Here is my idea:

We could see NZDUSD             refuses SMA200 + SMA100 + SMA50

And a triple top pattern.

Watch the trend line on the chart , that is the key point.

If N/U breaks this trend line , downside is confirmative.

DOWNSIDE RISK REMAINS.
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