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Technical Analysis

NZD/USD Losing Momentum

Typography

NZD/USD is trading in the green right now, but seems undecided after the failure to reach and retest the third warning line (WL3) of the descending pitchfork. Technically is still expected to approach and reach the WL3, but only a valid breakout will confirm a further increase in the upcoming period towards the 0.7375 level.

Author: MultiBank Exchange Group Website: http://www.mexgroup.com
MultiBank Exchange Group
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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