NZDUSD: Bearish Outlook (Dec 20, 2013)
Overview: NZD/USD is consolidating with bearish bias after hitting two-week low 0.8150 Thursday. It is undermined by bullish dollar sentiment; contagion from weak regional Asian currencies after Fed’s taper. But NZD/USD losses are tempered by positions adjustment before weekend. Daily chart is negative-biased as stochastics is bearish, MACD histogram bars are turning negative; the five-day […]