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T3-Consultancy

NZDUSD M15: Bearish outlook seen, further downside below 0.6060

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
T3-Consultancy  
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index NZDUSD nzdusdshort nzdusdbearish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usdollar nzdusd nzdusdshort nzdusdbearish forex forexsignals forextrading
Price has reacted off a key resistance zone at 0.6095 on the M15 timeframe. A pullback to this zone could provide bearish acceleration towards a key support zone at 0.6060, which coincides with the 61.8% Fibonacci retracement. Price is below 20 EMA, supporting our bearish bias.
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