FXCM

NZDUSD facing bearish pressure | 15th June 2021

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is holding below the descending trendline resistance, and RSI is also approaching the upper resistance where it has reversed from before, indicating possible bearish pressure. We could see a reversal and further downside below Sell Entry, in line with 61.8% Fibonacci retracement , 100% Fibonacci extension , and horizontal pullback resistance, towards Take Profit, in line with horizontal swing low support.

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