NZDUSD - Weekly forecast

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
40 0 1
NzdUsd             formed a bearish Triangle (also called a rising wedge pattern), which retested that broken support (now resistance) and formed a bearish pin bar on Friday. Also note the bearish pin bar on the weekly chart (last week), which is still in play

This week we will be looking to add to our current position to target the next support area at 0.71115 and key support 0.6980 (also trend line since January 2016)

Our open position is already in good profit, and we will adjust our stop losses.
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