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NZDUSD Daily Breakdown
NZDUSD remains in this downward channel , creating lower highs and lower lows, we can expect furthder downside continuation if price breaks and closes below the 61.8% fib level.
Overall longer-term bias -- Bearish
Follow for more updates on this pair going into the week ahead.
Happy Trading!
NZDUSD remains in this downward channel , creating lower highs and lower lows, we can expect furthder downside continuation if price breaks and closes below the 61.8% fib level.
Overall longer-term bias -- Bearish
Follow for more updates on this pair going into the week ahead.
Happy Trading!
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https://www.tsiforex.com
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https://t.me/thesocialinvestors
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Related Ideas
ppr787
So dis is definitely a down trend?
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TheSocialInvestor
ppr787
@ppr787, Price is in a downward channel, creating newer lower lows and lower highs, and on the daily/4hour we can respectively say price is in a downtrend, however price would need to create one more lower low and lower high to conclusively say that price is in a full on downtrend.
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