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HomeContributorsTechnical AnalysisNZD/USD Extends The Sell-Off

NZD/USD Extends The Sell-Off

MultiBank Exchange Group
By MultiBank Exchange Group

Price drops like a rock and looks unstoppable on the short term. Is trading near the 0.7320 level and should drop further. NZD/USD is seeking for strong support and could find one at the fourth warning line (wl4). Could be attracted by the confluence area formed at the intersection between the warning line (wl4) and 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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