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NZD/USD update (21st April 2017, 12:00)

NZD/USD shows signs of bearish reversal.

NZD/USD shows signs of bearish reversal.

NZD/USD has begun to turn lower, with the creation of flat lining tops and lower lows pointing towards something remarkably similar to the price action seen back in mid-March.

With that in mind, there is a good chance that the current bounce could fall short and turn lower soon. As long as the price remains below $0.7052, it looks like we could see the pair break lower once more. The $0.7031-$0.7036 region looks particularly interesting for shorts.


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NZD/USD update (21st April 2017, 12:00)

NZD/USD shows signs of bearish reversal.

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