NZDUSD .6389 — Short-term Neutral — .6311-.6456 range breakout is key to direction this week
NZDUSD formed a rising wedge last week between the .6456 high (September 18, 2015) and the .6255 low (September 9, 2015). A clean breakout above .6456 (near 4-month falling wedge resistance) is key to a bottoming process and extend the recovery towards .6504 then .6560 (August 27/25, 2015 highs) near 61.8% of the .6707/.6243 fall. However, a deeper setback below .6311 (September 17, 2015 low) would suggest near-term topping and resume broad downtrend towards .6243/.6255 then .6196 recent lows for a retest.
Outlook:
Intraday:neutral
Daily:neutral
Weekly: bearish
NZDUSD formed a rising wedge last week between the .6456 high (September 18, 2015) and the .6255 low (September 9, 2015). A clean breakout above .6456 (near 4-month falling wedge resistance) is key to a bottoming process and extend the recovery towards .6504 then .6560 (August 27/25, 2015 highs) near 61.8% of the .6707/.6243 fall. However, a deeper setback below .6311 (September 17, 2015 low) would suggest near-term topping and resume broad downtrend towards .6243/.6255 then .6196 recent lows for a retest.
Outlook:
Intraday:neutral
Daily:neutral
Weekly: bearish
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.