FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is pricing a Lower High on the 1W Channel Down ( RSI = 34.612, Highs/Lows = -0.0102) and will begin to decline soon. The downtrend is so far limited to 0.6400 by the Lower Low extension of the last two marks. We are already short, TP = 0.6400 and if broken, we will target the 0.6300 extension.
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It had to wait for a little bit of time. Looks risk on dollar longs comeback !! Looks promising!!
+1 Reply
@USAS_INC, Indeed it took a long time for this to happen. Thank you for sharing.
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