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Short

NZDUSD -- Daily Breakdown

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
TheSocialInvestor  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns NZDUSD NZD USD downwardtrend
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trendanalysis chartpattern nzdusd nzd usd downwardtrend
NZDUSD Daily Breakdown

NZDUSD remains in this downward channel , creating lower highs and lower lows, we can expect furthder downside continuation if price breaks and closes below the 61.8% fib level.

Overall longer-term bias -- Bearish

Follow for more updates on this pair going into the week ahead.

Happy Trading!

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Comments

ppr787
So dis is definitely a down trend?
Reply
TheSocialInvestor ppr787
@ppr787, Price is in a downward channel, creating newer lower lows and lower highs, and on the daily/4hour we can respectively say price is in a downtrend, however price would need to create one more lower low and lower high to conclusively say that price is in a full on downtrend.
Reply
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