NZDUSD 0.6310 – bearish – Breaks below rising wedge support, eyes lower
NZDUSD was capped at last Friday’s .6457 high (September 18, 2015) near the 4-month falling wedge resistance). Subsequent sharp fall breaks below 1-week rising wedge support, suggesting topping and resuming the broad downtrend to risk .6196/.6243 for a retest. Below would accelerate the losses possibly towards .5831 (May 11/18 2009 lows). The .6400 area (September 21, 2015 high) should cap bounces near term. However, back above .6457 is needed to improve the outlook.
Outlook:
Intraday: bearish bullish
Daily: bearish
Weekly: bearish
NZDUSD was capped at last Friday’s .6457 high (September 18, 2015) near the 4-month falling wedge resistance). Subsequent sharp fall breaks below 1-week rising wedge support, suggesting topping and resuming the broad downtrend to risk .6196/.6243 for a retest. Below would accelerate the losses possibly towards .5831 (May 11/18 2009 lows). The .6400 area (September 21, 2015 high) should cap bounces near term. However, back above .6457 is needed to improve the outlook.
Outlook:
Intraday: bearish bullish
Daily: bearish
Weekly: bearish
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.