The Traderszone Network

Published in TZ Latest News 2 August, 2016 by The TZ Newswire Staff

Forex technical analysis: NZDUSD has a mini failure…

Can the price now stay below 0.7237-43
Looking at the hourly chart, the NZDUSD squeezed above the 0.7237-43 area. THis area had some swing highs and lows going back to July 4th.  If the price can stay below, there should be some further selling momentum.  If it moves back above, get out….