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NZDUSD - Weekly Chart Analysis

Dollar New Zealand / Dollar AS (FOREXCOM:NZDUSD)  
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FOREXCOM:NZDUSD   Dollar New Zealand / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns NZDUSD nzdusdshort nzdusdtrade nzdusdforecast nzdusdanalysis shortsetup shortterm shortsell Forex
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trendanalysis harmonicpatterns chartpattern nzdusd nzdusdshort nzdusdtrade nzdusdforecast nzdusdanalysis shortsetup shortterm shortsell forex
Price Action: Ranging
Pattern: Rising wedge/head and shoulders
Long-Term Momentum: Bullish
Short-Term Momentum: Bearish
Bias: Short
Action: Price closed below trend support on the weekly chart but is rejecting off the support zone. Once price moves below the support zone it would be a good idea to take a short position.
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