Strong downside Correction from 2018 Year Resistance ($ 0.7020)
NZDUSD has climbed to 0.6980. Price is out of the bullish channel but continues to make higher highs and higher lows. At current price levels as explained in previous posts, we prefer to be neutral if not bearish as we expect a turn lower towards 0.68.
NZDUSD has short-term support at 0.6920-0.6925. A break below this level will be a short-term bearish signal that could bring the price to 0.6840. Currently, the price hit 2018 Year Resistance we expecting big correction from major resistance 0.7025$ towards downside 0.6840 and furthermore 0.6480
🛑SUPPORT/RESISTANCE
✅S1= 0.6925
✅S2=0.6840
✴️R1=0.7020
✴️R2=0.7130
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NZDUSD has short-term support at 0.6920-0.6925. A break below this level will be a short-term bearish signal that could bring the price to 0.6840. Currently, the price hit 2018 Year Resistance we expecting big correction from major resistance 0.7025$ towards downside 0.6840 and furthermore 0.6480
🛑SUPPORT/RESISTANCE
✅S1= 0.6925
✅S2=0.6840
✴️R1=0.7020
✴️R2=0.7130
Please like, share, comments and follow me to get daily base analysis.
Thank you for your support, I appreciate it.
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