Get started
iTradingForex

NZDUSD downtrend, measured with precision

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
iTradingForex  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
nsdusd medianlines
2
0
nsdusd medianlines
It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store?

At this point I'm still bearish, but the nice bounce off the line makes me want to wait and see before taking a stab at a trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.