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Salzworth

Bearish outlook on NZDUSD - 22 February 2023

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
Salzworth  
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
Prices are testing a support-turned-resistance zone at 0.6250 on the H1 timeframe. A pullback to this level could provide the bearish acceleration to the next support zone at 0.6200, which coincides with the 38.2% Fibonacci extension. Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
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