NZDUSD: Short-Term Gains Still Expected
Strategy: Pending Short
NZDUSD put in a bullish Harami candlestick pattern above support at 0.7467, the October 4 low, although thus far the pair has failed to build significant upward momentum. With that said, the signal has not been invalidated either, suggesting a corrective advance may yet materialize. We will treat such an outcome as a selling opportunity. Initial resistance lines up in the 0.7636-0.7723 region, with a break above that exposing 0.7882.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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