Sforex
Short

Kiwi: The convergence signals for a big move.

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
155 0 7
Look at on the chart, there is a rare incident I see on the chart:

- SMA200+SMA100+SMA50 converge in a range about 70 pips.

If NZDUSD             breaks those move averages, we could see a big move.

I see NZDUSD             has had many efforts to break SMA200,unfortunately it still hold below it.

This week, I lean to US side and bet on bearish side for NZDUSD             because of downside risk remain.
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