We are in bearish mode on NZDUSD currency pair
Here is the illustrations and snapshots for NZDUSD Forecast and technical analysis December 15 2014.
NZDUSD monthly technical analysis and forecast
On the monthly chart of NZDUSD pair we can see that the pair is unable to break the monthly fibo 23.6 level and currently holding its price below the fibo 23.6 level. We are expecting that the current down trend will continue till the monthly fibo 38.2 level. So till it breaks the fibo 23.6 level or touches the fibo 38.2 we will be bearish on this particular pair.