The NZDUSD moves below lower trend line. - ConsultFX

The NZDUSD moves below lower trend line.

Trades at the lowest level since May 31, 2016 The NZDUSD has moved below a lower trend line at 0.6717. Last week, that trend line was test twice and found buyers. Today - at yet anther lower level - the price has cracked and shown more momentum. Bears are taking more control. Risk for shorts now