STOCKS: reversal chart patterns
There was a notable reversal in the stock market on Wednesday. Have you noticed the reversal chart patterns?
NZD/USD remains directionless in the short-term
NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance. Also, the price action is trapped in a tight range around the 200 SMA, but we can expect a dynamic support over there, in order to extend gains above the highs from May 22 and eventually we might see a rally towards the Fibonacci level of -23.6% at 0.7001. However, a breakout below the lows from May 23 should expose the 0.6848 level.
RSI indicator remains in the negative territory.
Felipe Erazo
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