The Dollar
strengthen for today after the speech by Janet Yellen, president of the FED and
we can see how the NZD/USD has come back to its bearish trend after it
consolidated for about a week around the 0.6700 level. At this moment the price
has come and visit the 0.6600 level and attempts to stall there. It is possible
for the 0.6600 to become a temporary support for the pair, because the bearish
trend is still in place. The 55 day exponential moving average (purple line) is
getting farther and farther apart from the 200 day exponential moving average,
indicating that the bearish momentum is really strong.
Well spotted, I agree with your point of view.
ReplyDeleteThe downtrend is still very strong.
ReplyDeleteThe bearish trend continues.
ReplyDeleteGood point, very strong bearish trend.
ReplyDeleteNicely done!
ReplyDeleteGreat analysis.
ReplyDeletevery interested post.
ReplyDelete