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traderpulse
Apr 29, 2019 9:08 AM

NZD/USD Technical analysis Short

New Zealand Dollar/U.S. DollarFXCM

Description

The market seems to have come to its senses after the post news profit booking rally, friday.
It has broken its bullish trendline in the 15-min chart, indicating dwindling buying momentum.
To add to it, the ADX indicator has also turned bearish.
Hence, we expect the arrival to bears in the counter and the pair to make a move to its intraday support at 0.66195.
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