NZDSGD: Long term short opportunity.

The pair has been trading inside a 12-month long Channel Down pattern on 1M (MACD = -0.013, B/BP = -0.0366) and the neutral RSI = 45.338, Highs/Lows = 0.0000 indicate that we are close to a bearish reversal point following the rise since the beginning of the year. The Channel's Lower High was placed earlier in December and we have a long term bearish leg ahead of us in search of the Lower Low. As measured, this should be within 0.85239 - 0.85750. However we are following a more sensible medium term TP of 0.8900 (the previous Lower Low).






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