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Nzdusdu

0.685 support zone - Cup and HandleNZDUSD was rejected by the Fast MA line last week and it is heading towards 0.685-0.69 (nearest weekly support zone). Cup and Handle is being formed on the daily chart. A breakdown of 0.685 can lead to a bearish move towards 0.67. Bulls should focus on finding bullish reversal patterns between 0.685 and 0.69 - Pullback towards 0.7 is an option. You can read more about this setup (including longer term analysis) and about more trading ideas in my weekly newsletter- #WeeklyMarketsAnalysis on Twittr
by themarketzone

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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