NzdUsd- 0.6 break to announce a new leg down
After breaking both trend line and horizontal support, NzdUsd has dropped to 0.59 zone.
A correction of this first leg down has followed after the drop and 0.6040-0.6050 zone is now resistance.
A break of 0.6 is needed to confirm that a new leg down is underway and a daily close under this support would accelerate losses towards important support of 0.5850.
I favor short trades as long as the price is under 0.6060-0.6080 zone
A correction of this first leg down has followed after the drop and 0.6040-0.6050 zone is now resistance.
A break of 0.6 is needed to confirm that a new leg down is underway and a daily close under this support would accelerate losses towards important support of 0.5850.
I favor short trades as long as the price is under 0.6060-0.6080 zone
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.