NZDUSD bounces off Fibonacci level

122
NZDUSD is descending in a form of wide channel which has been tested at least 6 times during last couple of days. We can clearly see that at todays session start pair tested not only 38.2 Fibonacci level but also upper edge of channel. We stay bearish on NZDUSD which may test 0.6800 area.

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.