Weekly
After the US FOMC rate hike on 6/14, NZDUSD has been forming a very bearish inverse hammer on the weekly chart. Stochastics also show it is in overbought territory, with the fast crossing below the short, a very bearish sign as well as a price rejection near the top of the channel. This is one of those setups I like to call, 'set it and forget it'. Price at the time of writing this idea (0917 CST 6/15/2017) is also below the .236 Fib line. There are significant fundamentals to support the technicals with this move to the downside. Probabilities are in favor of a short.
Daily
The formation of this extremely bearish bar on the daily indicates strong selling pressure not only from the technical stand-point, but from the fundamentals of the US rate increase and NZ hawkish outlook.
After the US FOMC rate hike on 6/14, NZDUSD has been forming a very bearish inverse hammer on the weekly chart. Stochastics also show it is in overbought territory, with the fast crossing below the short, a very bearish sign as well as a price rejection near the top of the channel. This is one of those setups I like to call, 'set it and forget it'. Price at the time of writing this idea (0917 CST 6/15/2017) is also below the .236 Fib line. There are significant fundamentals to support the technicals with this move to the downside. Probabilities are in favor of a short.
Daily
The formation of this extremely bearish bar on the daily indicates strong selling pressure not only from the technical stand-point, but from the fundamentals of the US rate increase and NZ hawkish outlook.
Trade attivo
Daily close today still shows downward trend on the daily. We had significant selling and rejection of prices above .72500. Currently we are below the 1 hour 100 MA and price is currently trading just below the 1 hr 200 MA. 
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.