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T3-Consultancy

NZDUSDH1: Bearish outlook seen, further downside below 0.59327

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
T3-Consultancy  
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis
3
0
trendanalysis
Prices haves rebounded to 0.57352 after hitting a fresh 2 year low of 0.5663. General sentiment is still bearish until prices make it above the 0.618 retracement level (0.59327). A near term resistance at 0.58113 must be overcome before we get start to see a switch in sentiment for the kiwi.
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