novvoll12

NZDUSD Potential positive divergence cautions for consolidation

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD             forms a 7-day falling wedge from .6738 (July 28, 2015 high) while posting a new 6-year low at .6491 Wednesday (August 5, 2015), near the .6497 low (July 16, 2015). Potential positive indicator divergence cautions for further consolidation within the wedge . Clearing .6615 near 3-month falling channel upper bounds and wedge resistance (as shown on the 240minute chart) would signal a breakout and shift the focus towards the .6738/6741 range ceiling which may cap. However, a slump through the .6491/.6497 area would negate and weaken towards .6388 (the 61.8% retracement of the .4890/.8835 2009/2014 upswing).
Outlook:
Short term: neutral
Long term: bearish
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out