NZDUSD weekly outlook
Lowest weekly close this year, has the range (between $0.674 - $0.69) been broken or a reversal on the cards next week?
First support to downside is the 50% retrace & july low/september highs. Ultimate low in this triangle formation coincides with the 61.8% retrace @$0.663
4hr:
Break below trend line(pink) & median line, gives a bearish outlook for start of week
First support to downside is the 50% retrace & july low/september highs. Ultimate low in this triangle formation coincides with the 61.8% retrace @$0.663
4hr:
Break below trend line(pink) & median line, gives a bearish outlook for start of week
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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.