NZDUSD M30: Bearish outlook seen, further downside below 0.6250
On the M30 timeframe, prices are testing a key resistance zone at 0.6250. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6200, in line with the 38.2% Fibonacci extension. Price is hovering near the top of the Bollinger Bands, supporting our bearish bias.
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.
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.