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Bearish reversal pattern on the USD/NOK daily chart

A retracement into the gains of the previous day's gains morphed into a Dark Cloud Cover pattern adding more bearish sentiment to the USD/NOK daily chart.

This pattern portends a potential resistance zone and an opportunity for traders to position themselves short with additional bearish confirmation: further downside follow through, a gap down, a long black candlestick or a high volume decline within the next one to three days.

Market wrap: consolidation except oil 2% higher - Westpac

Analysts at Westpac offered a market wrap. Key Quotes: "Global market sentiment: The US dollar and interest rates consolidated overnight, no major n
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NZD/USD faded at the 1hr 200 sma at 0.7157

NZD/USD has been on a recovery from the lows of 0.7087 and made a fresh high of 0.7158, meeting the 200 sma on the 1hr sticks. Nonfarm payrolls vs th
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