The pair New Zealand dollar against the U.S. dollar expected to rise in our recent re-test the main support and the broken-turned-resistance near 0.8000 now, where the price is now showing a downward tendency supports our expectations for the overall downward trend depending on the stability below the previously breached key support.
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We now have the features of the bearish technical pattern dimensions shown through the image above, the objectives of full presence on the 0.7650, but we have to take into account that the conditions for implementation of this model is to break the 0.7870 level as well as stability below 0.8000
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Expected trading range for this week between: Support and resistance 0.7650 0.8100
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General tendency is expected for this week: bearish


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