FXHIGHWAY

 Breaking News


NZDUSD






10/1/2014 3:04:05 AM

NZDUSD - Technical Analysis: Wednesday, 01/10/2014 07:04 GMT



The trading is confined inside a bearish pennant flag that supports the continuation of the bearish trend, and the increasing signals on the bears’ power indicator supports the chances of breaking this pattern’s support at 0.7750.

The negative pressure that comes from the exponential moving average 50 supports the waited decline.


Target
Risk


Support
Resistance


Trend Bearish

Logs

Advertisements