Justvics

NZDUSD eyes 0.59-0.60 price

Long
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
At the Current price, it seems price is trapped at the 4-hour structure which might act as a support towards the movement to the upside, but with a double top and strong bearish close (Which isn't to be ignored) alerts a circuit breaker on our reactions at the moment, as price might break the structure and head for the trendline retest, for a further movement to the upside as price eyes 0.59-0.60 levels in the long term or probably continue its overall monthly move downwards.

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.