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Mihai_Iacob

NzdUsd- 0.7 zone is a strong sell

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Mihai_Iacob  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdbreakout nzdusdforecast nzdusdidea nzdusdsignal
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supportandresistance chartpattern indicator nzdusd nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdbreakout nzdusdforecast nzdusdidea nzdusdsignal
After consolidating around a week above the important 0.7 figure, NzdUsd has broken below, confirming the continuation of the recent down trend.
At this moment the pair is trading in the support zone and we can have a small rebound.
This corrective rally can be a good opportunity for bears to open short positions slightly under 0.7
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