NZDUSD cancels the positive pattern – Analysis - 06-12-2018
Economies.com
2018-12-06 05:13AM UTC
The NZDUSD pair faced strong negative pressure yesterday to break the key support levels between 0.6910 and 0.6885 and settles below them, to cancel the effect of the inverted head and shoulders’ pattern mentioned in our recent reports and presses on the price to decline in the upcoming period, targeting testing 0.6795 level initially.
Therefore, we suggest witnessing more bearish bias unless breaching 0.6910 level and holding above it.
Expected trading range for today is betwenen 0.6780 support and 0.6910
Expected trend for today: Bearish
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