What will be the prevailing mood in 2019 and which assets will gain the most on the basis of it?
Tag - nzd - new zealand dollar
On the daily chart of NZD/USD, bears managed to pull the pair down due to the "Three Indians" pattern's implementation.
NZD/USD is testing support of the short-term range between 0.6790 and 0.6760.
NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top.
The economic calendar is full of events: FOMC Statement, British and Canadian CPI, New Zealand GDP…
Trade ideas on December 17-21
On the daily chart of NZD/USD, the "Three Indians" pattern is implemented.
The market sentiment is down, Theresa May can't renegotiate the Brexit deal, Italy and the EU can't agree on a lower deficit.
The market sentiment improved based on an ease of the trade war tensions between China and the US.
Watch and find out the key levels for EUR/USD, GBP/USD and NZD/USD for today!
On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.
NZD/CAD approached the resistance line connecting 2017 and 2018 highs (0.9280) and 78.6% Fibo level (0.9260).