novvoll12
Short

NZDUSD 0.6525: bearish – Tests 3-month falling channel support

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             slumped to a new 6-year low at .6497 Thursday (July 16, 2015), testing a 3-month falling channel (as shown on the 240minute chart). While the .6667/.6741/.6770 zone near the channel resistance continues to cap bounces, scope remains for further downside to expose the .6388 area (the 61.8% retracement of the .4890/.8835 2009/2014 upswing). However, if NZD bulls mange to reclaim the .6770 area, further gains towards .6881/6923 (June 25/29, 2015 highs) would be expected.
Outlook:
Short term: bearish
Long term: bearish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out