NZDUSD Short-term Technical Outlook
Good evening traders!
NZDUSD's upside was quickly checked at the high at .69480, forming a lower high in this downtrend. So long as we remain below yesterday's high at .6948 we should see continued downside, however we will need to see a sustained break below key support at .6883. The fact that price is hovering just above it is suggestive that sellers are in control, but we will have to wait and see. A break below the latter should send price down to the next key support figure at .6834.
Enjoy!
NZDUSD's upside was quickly checked at the high at .69480, forming a lower high in this downtrend. So long as we remain below yesterday's high at .6948 we should see continued downside, however we will need to see a sustained break below key support at .6883. The fact that price is hovering just above it is suggestive that sellers are in control, but we will have to wait and see. A break below the latter should send price down to the next key support figure at .6834.
Enjoy!
