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HomeContributorsTechnical AnalysisNZD/USD Accelerates The Sell-Off

NZD/USD Accelerates The Sell-Off

MultiBank Exchange Group
By MultiBank Exchange Group

The NZD/USD drops further on the short term and is almost to hit the fifth warning line (wl5) of the ascending pitchfork. I’ve said in the previous week that the rate should take out the warning line (wl5) if will reach it. Technically, it should drop further after the retest of the sliding line (sl).

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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