InvestMate 🥝 NZD/USD Feels Like Falling Further 🥝

Feb 8, 2023

🥝 NZD/USD Feels Like Falling Further

🥝 Nearest strong support zone: around the 0.236 fibo level of the upward wave.

🥝 Nearest strong resistance zone: around recent highs.

🥝 Technical environment:

📊 Moving averages: Downtrend

📊 MACD: 50/50

📊 RSI: Downtrend

🥝 Price action: NZD/USD Like many pairs with the U.S. dollar looks like it is about to fall even further. We are currently at a support zone from which we are unable to generate any strong upward impulse, so I believe that a continuation of the downward correction that has begun is opening up ahead of us.

📉 The scenario I am playing out is a continuation of the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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Feb 8, 2023

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