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BlueberryMarkets

TRADE ANALYSIS: NZDUSD SITS AT TRENDLINE RESISTANCE

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
BlueberryMarkets  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forextrading forexbrokers NZDUSD blueberrymarkets australia
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The NZDUSD could see some short-term downside as price sits at the trendline resistance highs.
Price has tried to break higher on a few occasions with no luck so far and with the USD looking likely to
continue to the $97.50 resistance we could see NZDUSD head back towards to the trendline support.
This market is in a consolidation pattern meaning that we must wait for added confirmation before
looking for key high probability trading opportunities.
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