FX:NZDUSD   New Zealand Dollar/U.S. Dollar
62 0 1
Well NZD/USD             had formed a double top earlier in the monthly chart of NZD/USD             , and from a technical view we were already trading below the neckline which was at 0.7700 with respect to the senkou span B border of the ichimoku cloud , so in other words we were already in a strong supply. Currently price is heading south to short breakout area around 0.6900USD for 1NZD, from where if price becomes extremely oversold we can expect it to go down to 0.6600 next support level by month of July or August this year. I think price should start consolidating back to the previous neckline area from that point 0.6600 around 0.7600 or max 0.7700 (1000pips) :p. Than again we can expect a reversal if the neckline acts like a future resistance :).
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out