NZDUSD Bearish Harami Hourly Chart

Resistance: 0.8463 moderate / 0.8491 minor / 0.8530 minor

Support: 0.8425 strong / 0.8397 moderate / 0.8358 minor

NZDUSD is generally bullish with the Bearish Harami occurring near a strong support level at 0.8425, the Pivot Point. As such it would be best to consider shorting only if we have a close below 0.8425 with a stop loss above the candlestick patterns high. Price target for any subsequent sell-off will be at 0.8397, possibly on to 0.8358 if the former gives way.

For pattern explanation and visual identification rules, click here.

   

NZDUSD Three Inside Down Hourly Chart

Resistance: 0.8463 moderate / 0.8491 minor / 0.8530 minor

Support: 0.8425 strong / 0.8397 moderate / 0.8358 minor

NZDUSD is generally bullish with a high level bearish reversal pattern Three Inside Down in Hourly charts just above a strong support level at 0.8425, the Pivot Point. Look to sell on a push under 0.8425 with stop losses just above the Three Inside Down high. Our immediate objective is 0.8397 break of which may see us dropping to 0.8358.

For pattern explanation and visual identification rules, click here.

Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices