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Mihai_Iacob

NzdUsd can drop again

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Mihai_Iacob  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdanalysis nzdusdsell nzdusdtrade nzdusddaily nzdusdforecast nzdusdidea
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trendanalysis chartpattern indicator nzdusd nzdusdshort nzdusdanalysis nzdusdsell nzdusdtrade nzdusddaily nzdusdforecast nzdusdidea
Since the recent low just above 0.62, NzdUsd started to correct higher and reached 0.6550 resistance.
Yesterday the pair has put on a bearish engulfing candles pattern on our chart and this could mark the signal for reversal.
The long-term trend for this pair is down and I expect it to resume.
I'm bearish on this pair as long as the price is under the 0.66 zone
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