NZDUSD: Bearish Scenario

5 lis 2019

hey traders,

nzdusd is still coiling around a major resistance level 0.643.
it looks like bulls losing momentum and there is a chance to see a pullback from this level.

on 4H the market is currently forming a right shoulder of a potential head and shoulders pattern.
it is very interesting if the 0.643 level will be respected or not.

pay close attention to this formation and sell the market in case of a bearish breakout of a neckline.

target level will be 0.635

7 lis 2019

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