NZDUSD - weekly bearish scenario

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
67 0 1
Even though price broke the main weekly trendline to the upside, the whole move from the lows looks "fishy" and definitely does not have an impulsive look (at least not yet). Also, it is fairly common for the market to make at least couple of false breakouts before eventually turning. All in all, if indeed this breakout turns out to be a fake move, then I'll be looking for values below 0.7000 to be reached but also to provide strong support.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out