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KaltoireCapital

NZD/USD: Bulls fail to break the 0.66 key level again

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
KaltoireCapital  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis NZDUSD nzdusdshort nzdusdlong nzdusdtrade nzdusdanalysis nzdusddaily nzdusdsell nzdusdbuy nzdusdforecast
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trendanalysis chartpattern beyondta nzdusd nzdusdshort nzdusdlong nzdusdtrade nzdusdanalysis nzdusddaily nzdusdsell nzdusdbuy nzdusdforecast
NZD/USD bulls have failed to break the 0.66 level once again. However, the bears couldn't take advantage of this. All though the chances of a drop towards 0.64 is increasing, waiting for a clear break of the 0.6550 level is important for the sellers.
How NZD/USD will move this week depends a lot on the state of the global equities. So, keep an eye on the global stock markets. If the stocks start bleeding this week, there's a high chance that NZD/USD may drop.
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