NZDUSD → The formation of the descending channel. Target 0.61000
NZDUSD breaks the uptrend and forms a counter-directed price channel. The currency pair is consolidating under a strong liquidity zone. What's next?
We see the beginning of the formation of a new price channel, which is directed downward and tries to follow the dollar index.
If you pay attention to the lower chart of the USD, we can see the support level and the retest to this level, which might cause the USD Index to break-down and fall towards 100.0. In that case, the currency pair NZDUSD might also follow the downside of the index and reach the target support at 0.61000.
Strong resistance: 0.62000, 0.62500.
Strong support: 0.61500, 0.61000
I expect that from the support zone 0.62000 price will continue its falling towards the strong support zone
Sincerely R. Linda!
We see the beginning of the formation of a new price channel, which is directed downward and tries to follow the dollar index.
If you pay attention to the lower chart of the USD, we can see the support level and the retest to this level, which might cause the USD Index to break-down and fall towards 100.0. In that case, the currency pair NZDUSD might also follow the downside of the index and reach the target support at 0.61000.
Strong resistance: 0.62000, 0.62500.
Strong support: 0.61500, 0.61000
I expect that from the support zone 0.62000 price will continue its falling towards the strong support zone
Sincerely R. Linda!
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🌹TRADING is a CASINO💔!?
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Join me, I'll guide you to PROFITABLE TRADING💵!
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Join me, I'll guide you to PROFITABLE TRADING💵!
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İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.