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NZD/USD has been sidelined

By : Mex Group

NZD/USD has been sidelined

15 September 2016, 04:01

From a technical perspective the outlook for NZD/USD is probably no worse than neutral.

The alignment of the 50-200-800 simple moving averages, on the 1hr chart does not show a clear trend in existence, nor the below 30 ADX at the moment is a sign of a constructive price structure. The prospect for the building of triangles, rectangles, and pennants looks to be quite realistic. Traders may opt to capitalise on such chartist patterns and their price projections.

NZD/USD 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
0.7221866647402 0.7244433363278 0.7257366577784 0.7292866508165 0.7315433224042 0.7328366438547

Trend IndexOB/OS Index
Bullish Neutral