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NZD/USD Symmetrical Triangle

Discussion in 'Other Currency Pairs' started by DannyBly, Jul 7, 2008.

  1. DannyBly

    DannyBly New Member

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    Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA and selling momentum is strong as reflected in RSI.

    [​IMG]

    Analysis By TradersLog.com
     
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