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HomeContributorsTechnical AnalysisNZD/USD Turned to the Downside

NZD/USD Turned to the Downside

MultiBank Exchange Group
By MultiBank Exchange Group

Price is going down after the false breakout above the third warning line (WL3) of the former descending pitchfork. Has ignored the 0.7484 static support (resistance turned into support) and now is going down, a retest of the WL3 will bring us a perfect selling opportunity.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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