- NZDUSD has been bearish for a long time now
- No reversal signs
- 1.618 extension on the 61.8% bearish retracement level perfectly matches previous daily support/resistance
Note
Another thing I forgot to mention is you might want to grab some profit at the 1.272 extension considering this June's low.
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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.
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.