Analysis by FXRenew
Currency Pair: NZD/USD
Direction: Short
Trader Comments: Kiwi has formed a Bear Gartley pattern on a daily chart. This highly bearish technical pattern consist of the overlapping of a Fib Retracement and Fib Extension. We will patiently watch as the pair currently trades at the 61.8% Fib support for a bounce into our selling range of 0.7930-0.7980. If this range is met and resistance is tested, we may issue a short with long term targets of lower support.
