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HomeContributorsTechnical AnalysisNZD/USD Very Heavy

NZD/USD Very Heavy

MultiBank Exchange Group
By MultiBank Exchange Group

NZD/USD drops like a rock on the short term and is very close to take out the static support from the 23.6% retracement level and the 0.7375 static support. A valid breakdown will open the door for more declines towards the warning line (wl4) and towards the 38.2% retracement level.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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