TradingView
AlexxChan
Feb 5, 2016 12:02 AM

NZDUSD at a weekly trend line 

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD has reached up to a vital area where it could see it reverse or go up even higher. With a weekly trend line holding it down, a break and retest of this pair may signal its bearish monthly run. A hold of this trendline may see it go down further more

Comment

A bearish engulfing pattern is seen, I'm more incline to short this
More