NZD/USD: Bearish channel price is Falling - SELL setup

Short

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

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

Trend Analysis Technical Indicators NZDUSD

trendanalysis indicator nzdusd

The NZD/USD inside a bearish channel in a strong downtrend seems to continue its rally to reach the lower side of the channel where there is a support level of 0.5920 where we place our Target. The RSI is still on the Bearish side meanwhile the Stochastic seems ready to approach the oversold area. Looking for a short continuation.

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