NZDUSD still in bearish continuation.
As expected,
NZDUSD Broke & Held Below 0.6488, Target 0.6382 & 0.6340 is DONE (target from ABCD measurement).
Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216.
Next Support 0.6081.
Former Support, Became Resistance: 0.6340, 0.6382, 0.6488.
Break Above 0.6568, Cancel Bearish Outlook.
As expected,
NZDUSD Broke & Held Below 0.6488, Target 0.6382 & 0.6340 is DONE (target from ABCD measurement).
Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216.
Next Support 0.6081.
Former Support, Became Resistance: 0.6340, 0.6382, 0.6488.
Break Above 0.6568, Cancel Bearish Outlook.
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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.