NZDUSD - Importance of the 0.70 Level is crucial
NZDUSD was in a uptrend for most of the year 2016.
Head/Shoulder pattern to the downside is completed. It broke the neckline.
This pair is currently in a downtrend and will break or reverse when it hits the 0.70 Level which is on a major weekly trendline .
I am bearish on this pair in the long run
Watch for the Fed
Head/Shoulder pattern to the downside is completed. It broke the neckline.
This pair is currently in a downtrend and will break or reverse when it hits the 0.70 Level which is on a major weekly trendline .
I am bearish on this pair in the long run
Watch for the Fed