NZDUSD DAILY: TARGET 0.6340 DONE, OVERSOLD, BUT 0.6216 OPEN?
NZDUSD still in bearish continuation.
As expected,
NZDUSD Broke & Held Below 0.6488, Target 0.6382 & 0.6340 is DONE (target from ABCD measurement).
Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216.
Next Support 0.6081.
Former Support, Became Resistance: 0.6340, 0.6382, 0.6488.
Break Above 0.6568, Cancel Bearish Outlook.
As expected,
Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216.
Next Support 0.6081.
Former Support, Became Resistance: 0.6340, 0.6382, 0.6488.
Break Above 0.6568, Cancel Bearish Outlook.
