NZD/USD: the downtrend is on
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Trade idea
SELL 0.6700; TP 0.6660; SL 0.6710
NZD/USD reversed down and is confidently continuing the downtrend. The pair recoiled down from the 50-day MA at 0.6750 and closed below 50% Fibonacci at 0.6715. In addition, the pair has already fallen inside the daily Ichimoku Cloud and will likely proceed to its lower border. The 100-day MA and 50% Fibo levels in the 0.6665 are now luring the kiwi down. NZD/USD may try to recover a bit, but the general trend is to the downside and these attempts will be likely limited by resistance.
