The New
Zealand Dollar versus the US Dollar has been dropping and it is getting close
to the 0.8400 round number level. Let’s see if a visit to that level will make
the price bounce to the upside. There are a couple of good resistance levels to
the upside. We can see the other round number level of 0.8500 and the 200 Day
Exponential Moving Average. Due to the current consolidation that the price is
having, we can see that there is a possible Inverted Head and Shoulders chart
pattern forming, but it still needs more time to complete.
Interesting analysis, thank you.
ReplyDeleteConsidering that chart, yes, I agree. Thank you for the analysis.
ReplyDeletei agree with your analysis but the dollar need a strong push to be able to break 0.8400
ReplyDeleteI agree it still needs time to complete the pattern.
ReplyDeleteI like the depth of your analysis, t;hanks.
ReplyDelete