Daily Market Review: NZD / USD 4th December 2013

Recommended Trade: NZD/USD

BelforFx- On November 28, a Head and Shoulders have broken through the support line. This pattern with a Downward sloping Moving Average, indicates a possible bearish price movement forecast for the next 3 days toward 0.807.

Point (B) shows the last resistance turning point of the Head and Shoulders at 0.84165. While Point (A) indicates the last support turning point of the Head and Shoulders at 0.819285.

Currency-chart-NZD-USD-3rd December 2013

Currency-chart-NZD-USD-3rd December 2013



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John Walker
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