Get started
T3-Consultancy

NZDUSD 15M: Bearish outlook seen, further downside below 0.6000

Short
New Zealand Dollar / U.S. Dollar (FOREXCOM:NZDUSD)  
T3-Consultancy  
FOREXCOM:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index NZDUSD nzdusdshort nzdusdbearish Forex forexsignals forextrading
1
0
trendanalysis harmonicpatterns chartpattern usdollar nzdusd nzdusdshort nzdusdbearish forex forexsignals forextrading
On the 15M timeframe, there is bearish order flow, with lower highs and lower lows being formed. A pullback to the resistance zone at 0.6040, which coincides with the 78.6% Fibonacci retracement, could provide the bearish acceleration towards the resistance-turned-support zone at 0.6000. Price is holding below ichimoku clouds and 20 EMA, supporting our bearish bias.
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.