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artyomka2000
19. Aug. 2016 15:24

NZDUSD Wedge Pattern Short

New Zealand Dollar/U.S. DollarFXCM

Beschreibung

NZDUSD has been trading in a channel for a couple months now and it is starting to look top heavy. It has failed to make any higher highs and is stalling at 0.7290 resistance and has also formed a wedge pattern on the 4 hour chart. It is very likely that if price breaks support at 0.7218 that price will continue to drop further into next structure support at around the 0.7100 even level.
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