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CryptoPAMM
Apr 23, 2015 11:58 AM

NZDUSD DOWNTREND CONFIRMED, BUT NOW UP A LITTLE Short

New Zealand Dollar/U.S. DollarFXCM

Description

I am very bearish on NZDUSD however cyclic analysis suggest a pullback up to 0.7620. Then I'll look for short opportunity.
Comments
justatrader
I have a pretty much same bias. A correction now could spell a sharper decline, or it could be a quickie to 0.745 and then back to its usual play.
CryptoPAMM
Mind sharing the chart?
justatrader
So a correction is due. 2 cents says, we could now start to see consolidation in play, perhaps a bear flag maybe before the next leg continued.
justatrader
So looks like we got the pullback to the downtrend. 7522 will be the next lvl to watch, maybe add more shorts on a pullback there. US GDP and FOMC up ahead of RBNZ. Should be fun!!
CryptoPAMM
here is update
boyan.ivanov.96
Nice chart
CryptoPAMM
Spasibo
boyan.ivanov.96
I'm from Bulgaria in my country they say ...Blagodarya... :)
CryptoPAMM
ok then... Blagodarya :)
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