NZD/USD: downtrend continuation?

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
196 3 6
10 months ago
Based on breakout out of recent consolidation below trendline ...
On to the next trendline , target 0.618 ext. of last move down, SL above swing high which re-tested the broken consolidation trendline ...
10 months ago
Comment: New idea after breakout:
NZD/USD: downtrend continuation?

Might wanna wait to get a better entry though, say around 0.6745...
10 months ago
Comment: It's slowly falling...
Low-risk traders can move SL to 0.6780

9 months ago
Trade closed: stop reached: Too bad, waiting now, no reason to do anything at the moment...
10 months ago
Hi,,I think/ feel USD has slowed the down movement. Certainly turned gold in a hurry. If USD stops falling I feel this pair are a short....no chart just ideas.....
KVE PRO Ronnee
10 months ago
Yes, you are correct, it probably has, but still NU hasn't jumped up like UJ jumped down and Gold jumped up (Gold long and UJ short running...), I think the USD weakness might not last very long..., but we'll see...

Check out my recent UJ, UCAD, Gold an other idea's...

Anyway, the structure on NU is there and I think it will play out eventually... Nothing's certain of course...
Thanks for your comment!
Ronnee KVE
10 months ago
Yeah, I think your charts here a right on the button.....the nz dollar is just to high and in my opinion not warranted. I have been short on this pair since Monday morning....was scalping short prior!! Thought our books would be worse than they are but fruit and tourism is not a lot to crow about!! It's milk and China I feel.....dollar should fall to 0.65/ even 0.64...... Certainly agree with chart. Matter of time........cheers Ron NZ.
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