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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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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