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Jan 19, 2016 10:59 PM

NZDUSD - Extra Extra Read All About It Bears Dominate the Finish Long

New Zealand Dollar/U.S. DollarFXCM

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Greetings Fellow Traders,

NZDUSD had a powerful finish to it's trading session on Tuesday to close below a Daily Bearish strength trend line....it also put it right at the key support. Expect the support to give way in the next 24 hours and us to make a run for the .62000 lows..

I'm not going to post the analysis for them, but that will also mean a rise for GBPNZD to near 2.23000 (we need to see if it breaks past this level first) and EURNZD to 1.73000....at which point I am going to expect a correction of bigger proportions on both of those crosses.

Good Luck and Happy Pipping!

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SmilingSword
Nice
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