NZD/USD is stacking up for a downside correction with 0.6350 eyed as a potential support area that could be met should the bulls continue to throw in the towel following Wednesday's surge related to the US CPI data.
Order cancelled
The price did not activate a sell limit order as it did not break below the support structure. However, bears are moving in with a 0.6405 target on the 4-hour chart: Note
mkt too fast, so entry moved to 64367, tgt 6402 sl 6443, depending on momentum in the correction towards sell limit could be moved higher ...tbdTrade active
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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.