NZDUSD is reaching the downside support

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

NZDUSD downside support test

 

 

“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!

 

COPY TRADING MADE EASY

Take a break from your trading routine Copy our trades!

 



Scroll to Top
×