Bears getting control of NZD/USD at the 0.6700 level
The NZD/USD may be getting ready for a turn to the downside of the market..
My reasons for thinking so :
1) The price is at the upper trendline and we have been seeing consistent movement between the lower and upper trendline.
2) Price is at a significant resistance level the 0.6700 level
3) Stochastic Oscillator also showing signs of overbought conditions
My reasons for thinking so :
1) The price is at the upper trendline and we have been seeing consistent movement between the lower and upper trendline.
2) Price is at a significant resistance level the 0.6700 level
3) Stochastic Oscillator also showing signs of overbought conditions
Comment:
We were really REALLY REALLY close to that SL will it reverse or will we get stopped out