JamesZhang
Short

NZD/USD Short-term Analysis (Sell it )

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
65 0 2
The price of NZD/USD             is keep moving under the Descent Trend line (RED).
And the Descent Trend Line served 6 times as a Resistance Position in 1 hour's Chart.

It broke all the Moving Average Linesof 5/14/30/60 days last friday.
That means a new falling trend of short-termhas been formed.

Anyway, the price now come to the 138.1% Extention position of 1 hour's Fibonacci .
Suggestion: SELL IT at 0.7080 -0.7100
Target set up at 0.70000
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