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InvestingScope
May 30, 2019 4:32 PM

NZDUSD: New Low expected. Short

New Zealand Dollar/U.S. DollarFXCM

Description

The pair has been trading inside a 1D Channel Down since early April (RSI = 34.711, MACD = -0.003, Highs/Lows = -0.0013, B/BP = -0.0056). On Monday we had a new Lower High rejection at 0.65600 so the Channel should now push for a new Lower Low. The 1W Support Zone is at 0.64363 - 0.64240. Our sell target = 0.64500.





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