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#1 23-12-2016 08:19:57

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 3861
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NZD/USD: NAB remains bearish, aims for 0.6650

NZD/USD: NAB remains bearish, aims for 0.6650


http://www.forex-central.net/forum/userimages/NAB-bank-logo-219x111.gif


NAB is bearish on the AUD/USD but also on the NZD/USD:

"The recent upward surge quickly reversed and it did so in a decisive way, once again giving a strong signal concerning the inability of the cross to remain at higher levels. The bearish reversal pattern observed in November and December confirms the bearish momentum in the medium term. The series of weekly closes below the bottom of the channel reinforces our bearish opinion. We are targeting 0.6650/0.67 as long as the cross closes under 0.7220 today." says NAB.

http://www.forex-central.net/forum/userimages/NAB-forecast.png


"Anything worth having is worth going for - all the way." - J.R. Ewing

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