NZD/USD showing signs it is on the verge of a strong downside impulse. Bears have broken strong support, but will it now act as resistance or is there more downside to go? Until the overhead resistance is broken, NZD/USD is a fade on rallies as bears target the completion of a reverse Head & Shoulders pattern on the longer-term charts. The pair has just been rejected, again, at the monthly resistance and it has dropped and broken expected daily support. The question now is whether there is more to go to the side or whether the price will offer a discount on a pullback in the coming sessions from there current lows. The following is a top-down analysis from the monthly, weekly and daily support. Monthly Head & Shoulders? 1W chart 1D chart More to go? FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Analysis: XRP could be looking for a correction down to $0.21 FX Street 1 year NZD/USD showing signs it is on the verge of a strong downside impulse. Bears have broken strong support, but will it now act as resistance or is there more downside to go? Until the overhead resistance is broken, NZD/USD is a fade on rallies as bears target the completion of a reverse Head & Shoulders pattern on the longer-term charts. The pair has just been rejected, again, at the monthly resistance and it has dropped and broken expected daily support. The question now is whether there is more to go to the side or whether the price will offer a… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
