Technical outlook and ideas for Forex pairs
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NZD/USD is at risk
Information is not investment advice
NZD/USD got rejected from the 200- and 100-day MAs in the 0.6710-0.6995 area. It formed a “bearish engulfing” pattern on D1 and went below the weekly pivot point at 0.6673. The Awesome Oscillator is negative on H4 and the NZD/USD formed a “falling three methods” pattern. This opens the potential for more downside. To resume the uptrend, it has to return above 0.6710.
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