NZDUSD - Psychological Support Broken
1W > IND: 10SMA / Elliot Wave
Pair broke psychological support @ 0.70000 reaching 0.69700 setting new 5-Month low
Further decline expected toward 0.69070 / 0.68440 levels
Key resistance @ 0.70550 w/anticipated upward movement expected to be held by 0.71020 representing falling 10SMA.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
1W > IND: 10SMA / Elliot Wave
Pair broke psychological support @ 0.70000 reaching 0.69700 setting new 5-Month low
Further decline expected toward 0.69070 / 0.68440 levels
Key resistance @ 0.70550 w/anticipated upward movement expected to be held by 0.71020 representing falling 10SMA.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Note
R3 0.7101 R2 0.7070 R1 0.7017S1 0.6933 S2 0.6901 S3 0.6848
Note
Will watch for consolidation toward 0.7055 / 0.7100 levels to anticipate Sell Entry @ 0.7100 w/TP @ 0.68503
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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.