Olu
Short

NzdUsd: Trend Line Break Needed For Serious Downmove

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
96 2 6
Comments on the chart. Short after a trend line break
Comment: Price is right on the neckline at the intersection of both trendlines. It is also a good place for a bounce...
Comment: Price fell today but not enough to get the H&S neckline break chasers. I am still bearish...
Comment: Good price action today. Price broke down below the trendline which coincides with the neckline of the H&S. I am seriously looking lower
Comment: Price is still bearish.long term price could be heading for .66 area
It's possible that the earthquake/tsunami news will puch the NZD/USD lower
Reply
Olu Omar87
very true. hope everyone is safe
Reply
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