NzdUsd can drop again
Since the recent low just above 0.62, NzdUsd started to correct higher and reached 0.6550 resistance.
Yesterday the pair has put on a bearish engulfing candles pattern on our chart and this could mark the signal for reversal.
The long-term trend for this pair is down and I expect it to resume.
I'm bearish on this pair as long as the price is under the 0.66 zone
Yesterday the pair has put on a bearish engulfing candles pattern on our chart and this could mark the signal for reversal.
The long-term trend for this pair is down and I expect it to resume.
I'm bearish on this pair as long as the price is under the 0.66 zone
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