YGForex

Important Level to Look At for NZDUSD...Potential FALL!!!

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
I have made some changes from my previous set up. Now, price level is near a strong resistance level @0.6195, previously breaking a weak support @0.6140. As of now, we do not see any breakthrough on this resistance level and will not be expecting a breakthrough if DXY continues to rise (Likely). In a bollinger band point of view, it also shows us that price level is currently at the upper band which gives us aa BEARISH potential. I will see NZDUSD heading towards 0.5975 price level as of now.

Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.