NZD/USD - Bears waiting for a break below 0.70
Monday's outside day/bullish engulfing candle has had a weak follow through. The pair failed to hold above the neckline resistance is now eyeing 0.70 handle again.
A daily close below 0.70 would add credence to the breach of rising trendline seen earlier this month and the head and shoulder breakdown... thus opening doors for a sell-off to May low of 0.6675
A daily close below 0.70 would add credence to the breach of rising trendline seen earlier this month and the head and shoulder breakdown... thus opening doors for a sell-off to May low of 0.6675
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