First of
all, Merry Christmas to all my readers!
Those of
you who do intend to trade this week might want to turn your attention to the
NZD/USD pair - although many currency
pairs have been consolidating sideways for the past week or so NZD/USD is one
of the major exceptions to that rule. The pair has been moving to the downside
for the past two weeks, after forming an obvious doji candlestick on the weekly
time-frame below the resistance at 0.7180. Once the market opens again tomorrow
the pair will likely continue moving to the downside towards the support at
0.6800. That said, even considering how bearish NZD/USD is there likely wouldn’t
be large daily movements until the end of the week.
Good tip, I'll keep it in mind.
ReplyDeleteGreat analysis! I fully agree with your view.
ReplyDeleteSeems like it broke the bearish flag and will keep pushing lower.
ReplyDeleteValuable info!
ReplyDeleteThanks for the valuable analysis.
ReplyDelete