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SharifAzadeh

Kiwi to start a counter-trend rally

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
SharifAzadeh  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
1
1
Kiwi is in a lower boundary of a downward channel and is massively oversold. I don't think it can keep going down before starting a counter-trend rally. In medium term, I also see limited downside potential before a sharp upward movement.

Good luck,

Ali Sharifazadeh, CFTe

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