NZDUSD sinks near 4-year lows; downtrend looks unstoppable @ Forex Factory

NZDUSD sinks near 4-year lows; downtrend looks unstoppable

From xm.com

video NZDUSD came under fresh sell-off on Thursday in the wake of downbeat business data, with the price stretching its two-year old downtrend to an almost four-year low of 0.6304. Technical signals remain bearish.The Tenkan-sen line continues to move with a steep negative slope well under the blue Kijun-sen line, while the RSI shows no appetite of leaving the oversold territory, both flagging further weakness for the market. A crucial support level is located at 0.6235, where the market bottomed in 2015. Any violation at this point could add more legs to the bearish move, sending the price probably towards the ... (full story)

dear broker. the down trend is gone. stop day dreaming and deceiving the traders.

lol ... why you embarrass yourself like that?!

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