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NZDUSD loses momentum – Analysis - 21-12-2018
The NZDUSD pair tested 0.6795 level and keeps its stability below it, accompanied by stochastic reach to the overbought areas, while the EMA50 forms continuous negative pressure agains the price.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its next target located at 0.6654, while its continuation conditions holding below 0.6795.
Expected trading range for today is betwenen 0.6700 support and 0.6830
Expected trend for today: Bearish
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AUDUSD retests successfully – Analysis - 21-12-2018
The AUDUSD pair keeps its stability below the neckline of the head and shoulders’ pattern, which keeps this pattern’s effect active until now, supporting the chances of heading towards our main waited target at 0.7020.
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