NZDUSD massive weakness- downside expected

Hi traders,

NZDUSD looks extremely weak. The pair is under major moving average, Fibonacci retracement resistance, and there has been a death cross in the moving averages suggesting short term weakness.

Lows to be expected. The move down will be fast.

Best regards,
Tom_Killick

Commentaire:

Despite a small pullback, bears are becoming strong again. I am expecting down move to carry on into the lows soon.

Trade fermée manuellement:

Let's close any downside trade here, and wait for a new entry on the daily chart.