NZDUSD Possible Bear Flag in Play
NZDUSD is set to close a third consecutive day in the red. A bear flag may potentially be playing out and price action is reaching the lower bound.
The pair has pretty much traded sideways for most of the year so a bounce from the lower line of the rising trend channel appears probable. A bearish break, however, should offer a good opportunity to get short.
The pair has pretty much traded sideways for most of the year so a bounce from the lower line of the rising trend channel appears probable. A bearish break, however, should offer a good opportunity to get short.