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New Zealand Dollar / U.S. Dollar
Short

Back to 0.55000?

By Swiing
After a rejection at 0.65000 on Dec the 13th, the sellers have stepped in and for the first time since October, price has started printing new lows. Thursday saw the market break a significant trendline which price has been respecting since October. Also, for the first time since October the market has closed the week with a strong bearish candle. A strong dollar could now be the remaining factor required to fuel a drive to the south and possibly revisit the October low around 0.55000 or lower
Chart PatternsswiingswingswingsetupswingtradeswingtraderswingtradingswingtradingsetupTrend Analysis
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