NZDUSD is retesting the broken downside resistance
NZDUSD is testing 0.6300. This is a previously broken downside resistance now turned downside support. It is also a backtest of the broken downtrend channel and this resistance should hold the upside correction. Only a confirmed break above 0.6400 would lead to an upside continuation extension.
Note: look for the short trade entries with the stop loss above 0.6350
“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn
REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!