NZDUSD ANALYSIS 16/619
D1 CHART
LONG TERM BEARISH, SHORT TERM NEUTRAL.
16/6/19 - NU within 1000p ranging movement. D1 price did not break the previous Resistance pink line so we are looking at downtrend movement.
However, 55p below the current price there is a strong support lvl at daily. Potential entering retracement need to be confirm with any price action for daytrade.
Prefer to look into opportunity to sell after retracement following the bigger TF movement.
Note
Price reverse near the pink support line. Entry at the support pink line need further confluence as it is 3rd support. Potential price could break to the lower support daily line.
Seen at H1, entry after price breakout from the double bottom and retest the resistance area become support.
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