FenzoFx—The NZD/USD pair formed a double bottom pattern at the $0.5710 support. The trend remains bearish, with the price below the 50-period SMA.
The downtrend will stay intact unless the pair breaks above the $0.575 resistance. For bears to regain control, the price must close below $0.5710, targeting the next support at $0.5678.
The downtrend will stay intact unless the pair breaks above the $0.575 resistance. For bears to regain control, the price must close below $0.5710, targeting the next support at $0.5678.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.