iTradingForex

NZDUSD downtrend, measured with precision

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store?

At this point I'm still bearish , but the nice bounce off the line makes me want to wait and see before taking a stab at a trade.
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