NZD/USD BEARtown

Short

New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)

Updated

FOREXCOM:NZDUSD New Zealand Dollar / U.S. Dollar

trendanalysis chartpattern indicator breakoutsignal downtrend days nzdusd nzd

Break of 17 day up-trend, good indication of reversal finally!

Comment:

Momentum (10), MACD (12, 26), RSI, and Moving Averages all indicate BEAR-power!

Comment:

Still below the trend, may fake-out but ultimately the kiwi will drop!

Comment:

Maybe not!

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