NZD/USD technical analysis - Forex News by FX Leaders

NZD/USD technical analysis

Posted Monday, March 28, 2016 by
Skerdian Meta • 1 min read

Since we have an open signal in NZD/USD we will have a look at what´s happening technically with this pair. After the 120 pip decline on the third Friday of the month, the price has stabilized but it is still trending down. As you can see there are lower highs and lower lows. The pair is trading in a descending channel which is a good sign for our open signal. It missed the take profit by just one pip last night but we hope that it will be triggered tomorrow, because Europe and the UK are off today and the market is very quiet right now. 

NZD/USD is trading in a downtrend channel

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