NZD/USD:Retest previous bearish pattern and ready to drop.
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The NZD/USD yesterday had a rejection on the 50% / 61.8 Fibo area comes with a confluence of the dynamic trendline of the Bearish channel.
Now after the price breaks the second bearish channel inside the main one, the price seems ready to retest this last pattern at the level of price 0.6270 before dropping definitely down. Not last the divergence presence on Stochastic with overbought. Is the NZD/USD ready to continue its downtrend after the last pullback?
Let me know.
Now after the price breaks the second bearish channel inside the main one, the price seems ready to retest this last pattern at the level of price 0.6270 before dropping definitely down. Not last the divergence presence on Stochastic with overbought. Is the NZD/USD ready to continue its downtrend after the last pullback?
Let me know.
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