Technician
Short

NZDUSD: In Bearish Breakout Mode

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
608 4 14
NZDUSD             completed a bearish breakout below key support levels, The price has broken the key juncture i mentioned in my previous analysis, please check related links below

- The price has taken the 200-days SMA
- The main rising trend line was broken
-The key horizontal support at 0.8400
- the 61.8 retracement level for the bullish wave
-The price maintains a new sequence of lower highs and lower lows

Accordingly, the downside remains favored for now, the potential downside target is at 0.8218 followed by 0.8085 level. Key short term resistance at 0.8400-0.8415 should limit any rally for the bearish momentum to remain dominant,

Best of Luck , join me at https://twitter.com/thefxchannel
Also at my Facebook             page www.thefxchannel.com
My best regards,
Technician
My live trades here https://telegram.me/technician_forex_trades
HI technician thanks for analysis
Reply
Technician TOP manijeh.kazemi.33
2 years ago
Ur welcome manijeh :)
+1 Reply
thedrrew PRO
2 years ago
Thanks for helping me to learn! I really like the way you analyse the market.
+1 Reply
Technician TOP thedrrew
2 years ago
Thank you :) , I am happy to help u learn.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out