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T3-Consultancy

NZDUSD M30: Bearish outlook seen, further downside below 0.6188

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 NZDUSD NZD USD nzdusdlong nzdusdshort Forex forextrading forexsignals
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On the M30 time frame prices are approaching resistance at 0.61880 where we could see a reversal below this level. The 0.6188 resistance zone lines up with the graphical support-turned-resistance zone and 61.8% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the next support target at 0.6100.
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