JinDao_Tai

NZDUSD Analysis 10-11-23

Singkat
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
As the DXY strengthened overnight, the NZDUSD traded significantly lower, as the price reversed from the 0.5950 price level, down to 0.59, which coincides with the 50% fib retracement level from the longer term.

The NZDUSD looks to be entering into the support area formed by the 50% and 61.8% fib retracement level.

Anticipating a continuation in DXY strength, look for the NZDUSD to break lower from the support level to trade down to the previous swing low at 0.5780

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