Bears getting control of NZD/USD at the 0.6700 level
Updated
The NZD/USD may be getting ready for a turn to the downside of the market..
My reasons for thinking so :
1) The price is at the upper trendline and we have been seeing consistent movement between the lower and upper trendline.
2) Price is at a significant resistance level the 0.6700 level
3) Stochastic Oscillator also showing signs of overbought conditions
My reasons for thinking so :
1) The price is at the upper trendline and we have been seeing consistent movement between the lower and upper trendline.
2) Price is at a significant resistance level the 0.6700 level
3) Stochastic Oscillator also showing signs of overbought conditions
Note
We were really REALLY REALLY close to that SL will it reverse or will we get stopped out
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