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Bullandbeartrading

NZD/USD Trade Idea

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Bullandbeartrading  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD short Forex swingtrade Bearish Patterns
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trendanalysis chartpattern indicator nzdusd short forex swingtrade bearish
Hello and welcome to my Trade Idea of the currency pair NZD/USD.

Lets start with the Top Down Analysis.


Monthly: The monthly timeframe is very bearish.

Weekly: Here we draw the strong bearish trendline. The last weekly candle reacted beautifully to the trendline and closed under it.

Daily: The daily candles reacted nice to the daily resistance.


Have a nice day.
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