NZD/USD: downtrend and a short- term upward correction
Last correction reached levels of resistance at 61,8% Fibo
Price action: dodji at levels of resistance and price under the low of the dodji, which gives signals for a new downward movement
Engulfing bar and a inside bar right after it, as price going under 0.6613 would give a signal for a possible sell and activation of the inside bar
Indicators are at negative territory : RSI went under 50, CCI(50) under 100
Third lower top and lower bottom
Stefan D. Angelov - Head of Stocks Trading
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