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NZD/USD Signal - USD Retail Sales - 16 Nov 2021

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
ToniSignals  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD NZD nzdusdshort kiwi kiwidollar USD Forex forexsignals forexsignalservice
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trendanalysis harmonicpatterns chartpattern nzdusd nzd nzdusdshort kiwi kiwidollar usd forex forexsignals forexsignalservice
NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.

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