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
Comment
Drop from compression 1 zone
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.