Technician
Short

NZDUSD: Daily Technical Update - Dec 03

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
808 1 12
See Yesterday's Update before reading... Monday Update:
NZDUSD: Daily Technical Update

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Daily Technical Update - December 03

NZDUSD             retested the 50-days SMA and the top of the minor falling channel , before moving lower again towards 0.7765 recent low and target in line with previous outlook.

Outlook: Further downside remains the likely near term scenario, which will be confirmed on a break below 0.7765, targeting 0.7720 then 0.7660-0.7670. Only stability back above the falling channel would negate the near term downside bias.

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Technician
Excellent call with supporting RSI!
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