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
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.