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Old July 7th, 2008, 03:34 PM
DannyBly's Avatar DannyBly DannyBly is offline
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NZD/USD Symmetrical Triangle

Looking at the daily NZD/USD we can see pressure building along the lower trend line of the symmetrical triangle -beneath we have support at the double bottom in the 0.7369 area - adding to the bear case we are trading below the 200 period SMA and selling momentum is strong as reflected in RSI:

http://www.traderslog.com/forum/showthread.php?t=10827
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