NZDUSD has completed weekly Bat sell pattern which followed with 250 pips move down.
The pair is now pulled back into the 61.8 fib level and found strong resistance.
Looking at the daily chart we can see overbought with bearish divergence.
Also we can see that the pair pulled back inside an ascending channel which have been broken and recently been tested from outside.
My analysis suggests that by December 2nd, we might reach initial target of the weekly pattern at 0.815.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –