NZDUSD – A Prolonged Downtrend

From time to time, we are able to observe fairly large downward moves on NZDUSD. In the preceeding 5 years, we have seen the Kiwi trade between 50 cents to near parity against the Dollar. However in spite of this large range, over the last couple of months the Kiwi seems to be headed in only one direction i.e. down. From our charts, we see that NZDUSD has tracked through key levels of .77 before testing .72. Where will it go from here?

In his latest article, Graeme Kennerley takes a detailed look at the New Zealand Dollar and outlines price points where potential trade set-ups exist. He assesses the strength of the current downtrend and moves through the timeframes looking for a pullback into the sell zone to rejoin the trend at a technically protected place.

Continue reading Graeme's article here to learn his methodical approach to finding an entry in fast moving trends like this.

Regards,
The TWP Team