NZDUSD accumulating for drop to new low
NEW ZEALAND DOLLAR / U.S. DOLLARICE
Description
⋅ - NZDUSD has been bearish for a long time now
- No reversal signs
- 1.618 extension on the 61.8% bearish retracement level perfectly matches previous daily support/resistance
Comment
⋅ Another thing I forgot to mention is you might want to grab some profit at the 1.272 extension considering this June's low.