Thursday, 24 October 2013

NZD/USD Bearish Divergence

NZD/USD D1 chart

If I had seen this earlier, I should have more that a hundred profit right now.

As what is shown on the chart, the prices made a higher highs but the 3 indicators are showing lower highs which means that we are now going to the bearish trend.

My initial target is at 0.8170 but the price might retest the 0.7680 level.

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