NZDUSD DECEMBER ANALYSIS
Updated
NZDUSD expecting short bearish outlook based on daily candle
0.697 area hit demand area on 4 dec, slightly drop to 0.67250 on 21 des after breakout neckline 0.676-0.677. Expecting some continuation trend bearish from seller on 0.677-0.688 area to 0.665 can extend to 0.6569 area for take profit.
From the price action pattern structure expecting quasimodo structrure bearish Daily candle.
Note: January still expect some bearish movement
0.697 area hit demand area on 4 dec, slightly drop to 0.67250 on 21 des after breakout neckline 0.676-0.677. Expecting some continuation trend bearish from seller on 0.677-0.688 area to 0.665 can extend to 0.6569 area for take profit.
From the price action pattern structure expecting quasimodo structrure bearish Daily candle.
Note: January still expect some bearish movement
Note
Drop from compression 1 zone
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