Kiwi pressured

١٩ أكتوبر ٢٠٢٣

The NZDUSD has broken a key horizontal support at the .5860 level today and has tested the 127% extension of the recent range (end of August to present) at .5815. This is also previous resistance back from October 2022. A move below the .5816 would put the long term 78% retracement and 161% Fibonacci extension at .5732 as the next downside target.