NZD/USD Short-term Analysis (Sell it )
The price of NZD/USD is keep moving under the Descent Trend line (RED).
And the Descent Trend Line served 6 times as a Resistance Position in 1 hour's Chart.
It broke all the Moving Average Linesof 5/14/30/60 days last friday.
That means a new falling trend of short-termhas been formed.
Anyway, the price now come to the 138.1% Extention position of 1 hour's Fibonacci .
Suggestion: SELL IT at 0.7080 -0.7100
Target set up at 0.70000
And the Descent Trend Line served 6 times as a Resistance Position in 1 hour's Chart.
It broke all the Moving Average Linesof 5/14/30/60 days last friday.
That means a new falling trend of short-termhas been formed.
Anyway, the price now come to the 138.1% Extention position of 1 hour's Fibonacci .
Suggestion: SELL IT at 0.7080 -0.7100
Target set up at 0.70000