NZD/USD (10 Dec 2018) *Short Term: Weak, Mid Term: Strong

Dec 10, 2018

"Short:" PA is more supportive on the bear side, you can follow them cautiously. 0.681 will be a good TP area. (45%)

"Long:" Do not rush in first. 0.67 to 0.678 will be a good region to wait for long. (55%)


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"Weekly Bias Summary:" Slightly Bearish. I feel that NU is taking a pause BEFORE it is to go UP alot higher. It shall retest to the strong support level of 0.677 but it is unlikely to drop further than that region.
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"Level to watch:"
"Support level:" 0.682, 0.679, 0.672 and "Resistance level:" 0.691, 0.694, 0.698, 0.7


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