NZDUSD Short after trendline break - BB Bearish

Short

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

Updated

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

harmonicpatterns chartpattern trendanalysis short nzdusd nzd usd kiwi kiwidollar forex forexsignal

NZDUSD is trending to the downside today prior to the USD Housing Price Index, which shows the growth in the US housing market. Technically price has broken an ascending trendline, and is below the 50 hour moving average. We anticipate continued downside into the 0.6977 level.

Trade closed: target reached

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