NZDUSD - Bears Still Holding
Greetings Fellow Traders,
I'm not going to go as in depth as I did with AUDUSD - You're welcome to view that analysis in my profile as these setups are very similar.
A couple of the key differences that I would bring to attention with NZDUSD is that it is more bearish than it's Oceanic Partner Australia.
The Friday rise began after it was in the process of confirming the necessary break to move to yearly lows. The rise however was stopped at the short term bearish strength which at this point holds a significant buffer between the daily and weekly bearish strength trend line. All 3 of these are pictured.
NZDUSD remains bearish until a daily close can be made above .67000 a move back into the upper .65s is all that will be needed to begin the true sell movement that I've been looking for.
Feel free to comment/like/follow
I'm not going to go as in depth as I did with AUDUSD - You're welcome to view that analysis in my profile as these setups are very similar.
A couple of the key differences that I would bring to attention with NZDUSD is that it is more bearish than it's Oceanic Partner Australia.
The Friday rise began after it was in the process of confirming the necessary break to move to yearly lows. The rise however was stopped at the short term bearish strength which at this point holds a significant buffer between the daily and weekly bearish strength trend line. All 3 of these are pictured.
NZDUSD remains bearish until a daily close can be made above .67000 a move back into the upper .65s is all that will be needed to begin the true sell movement that I've been looking for.
Feel free to comment/like/follow
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