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The pair NZD / USD could fall below 0.68, having not capitalized on the breakaway triangle last Friday.

Daily chart

As noted above, the pair closed at 0.6839 on Friday, confirming a break up the triangle. So far, however, the tracking has been anything but bullish.

The pair cut out a "gravestone doji" Monday, which occurs when the day begins on a positive note and ends when sellers push prices back to the opening of the day. Thus, this candlestick pattern is widely regarded as a bearish development. In addition, he created a candle with a long upper shadow yesterday.

The failure to build on Friday's escape could encourage the bears to push back the spot to levels below 0.68.

Only a fence above 0.6872 (the highest of the tombstone doji) could revive the bullish vision put forward by the fracture of the triangle on Friday.

Trend: bear