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Mihai_Iacob

NZDUSD facing very strong resistance

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
Mihai_Iacob  
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdidea nzdusdsignal
10
3
trendanalysis chartpattern indicator nzdusd nzdusdshort nzdusdtrade nzdusdanalysis nzdusdsell nzdusdforecast nzdusdidea nzdusdsignal
Nzd was one of the biggest beneficiaries of USD weakness and NzdUsd made a new local high in this context.
Now the pair is facing a very strong resistance zone that extends to 0.7 psychological figure and I believe a drop will follow
I'm bearish this pair and I believe Kiwi will fall to 0.65 in the medium term
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