NZD/USD: dropping to September lows?

Read the article on FBS website

The New Zealand dollar has been going down since Monday. It crossed the Moving Averages downwards, breaking through the ranges of 0.66 that were guarding October lows. Now, it is facing September lows.

11.png

On the H4 chart, we have 0.6550 supporting the price movement. Currently, the pair is testing this threshold, and noting the intensity with which bears have been dragging it downwards, it is pretty likely we will see that crossed. If and once we do, prepare to watch for 0.6530. But before – make sure you are also prepared for a possible reversal at 0.6550: to track it, watch the reversal chart and candlestick formations!

12.png

                                                                                                  LOG IN

FBS Analyst Team

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.