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NZDUSD: Doji Candle Marks Potential Top

NZDUSD: Doji Candle Marks Potential Top

Ilya Spivak, Head Strategist, APAC

Strategy: Pending Short

NZDUSD has produced a Gravestone Doji candle, hinting a move lower may be ahead. Negative RSI divergence reinforces the case for a downside scenario. Confirmation on a daily close below 0.8241 is required before the signal is actionable however and we will remain on the sidelines for now.

NZDUSD_Doji_Candle_Marks_Potential_Top_body_Picture_5.png, NZDUSD: Doji Candle Marks Potential Top

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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