NZD/USD: the kiwi is getting stronger

NZD/USD: the kiwi is getting stronger


On the daily chart of NZD/USD, bears managed to pull the pair down due to the "Three Indians" pattern's implementation. They plan to update the December's minimum and reach the 88.6% target of the "Shark" pattern. 


On H1, the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination helped bears to reverse the previous downtrend. If the pair returns to the resistance at 0.6845, the "Fakeout-Shakeout" pattern will be implemented. This situation will create the background for the bullish tendency. 



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