Next Moves for NZD/USD

Singkat

Dolar New Zealand / Dolar A.S. (FX:NZDUSD)

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FX:NZDUSD Dolar New Zealand / Dolar A.S.

After last week's massive sell-off, the NZD/USD should see some retracement before continuing the current downtrend. It has found some support on the daily chart and looks like there could be a rebound to the .717 area. There is a strong resistance area due to previous trendline/structure, fibonacci, and moving average resistance. Watch for price action to bounce off this area before it continues downward.

Disclaimer: this is only an idea and not investment adivce. Trade at your own risk

Komen:

Stochastic RSI and CCI also in oversold territory and about to cross over

Penafian

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