NZDUSD ( UNDER BEARISH PRESSURE ) ( 4H )

Jun 27

NZDUSD

HELLO TRADERS

• Tendency the price closer a resistance trendline before falling , indicating the price is under bearish pressure
  
  
• TURNING LEVEL : a blue line a round 0.613, which indicates two cases , the first cases until the price trade below 0.613 reach a support level , the second case the price breaking 0.613 , the price reach a resistance level
  
  
• RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 0.619 and 0.622, when it is created the price by open 4h candle above turning level
  
  
• SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 0.608 , buying have already increase at this level
  
  
• PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 0.613 , it will attempt to reach support level at 0.608 ,then stable below this level reach 0.603 , if the breaking this level the price trying to reach a new resistance level at 0.619 and 0.622
  

TARGET LEVEL :

• RESISTANCE LEVEL : 0.619 , 0.622
  
• SUPPORT LEVEL : 0.608 , 0.603