NZDUSD massive weakness- downside expected
Updated
Hi traders,
NZDUSD looks extremely weak. The pair is under major moving average, Fibonacci retracement resistance, and there has been a death cross in the moving averages suggesting short term weakness.
Lows to be expected. The move down will be fast.
Best regards,
Tom_Killick
NZDUSD looks extremely weak. The pair is under major moving average, Fibonacci retracement resistance, and there has been a death cross in the moving averages suggesting short term weakness.
Lows to be expected. The move down will be fast.
Best regards,
Tom_Killick
Note
Despite a small pullback, bears are becoming strong again. I am expecting down move to carry on into the lows soon.Trade closed manually
Let's close any downside trade here, and wait for a new entry on the daily chart.
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