NZDUSD Downside Expected If 0.68 Holds

Short

Dollaro neozelandese / Dollaro (FOREXCOM:NZDUSD)

Aggiornato

FOREXCOM:NZDUSD Dollaro neozelandese / Dollaro

Support and Resistance Candlestick Analysis Multiple Time Frame Analysis NZDUSD Forex trading analysis daytrading priceaction breakout

supportandresistance candlestick mtfa nzdusd forex trading analysis daytrading priceaction breakout

There's a massive daily and 4-hour confluence on this pair if price holds the 0.68 level throughout the night. Over on this chart, we see a reversal underway since the price rally has exhausted. This is also observable on the daily timeframe as a key level has been breached as well.

Commento:

Here's the daily price action:

snapshot

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