NZDUSD Breaches Below Key 0.68880 Daily Level
Been watching this price action for a while. Here are the key price action indicators that I've been watching.
1. Price retests the previous high at 0.69895. I do not see a breach above.
2.Price makes another test and fails to close above this high.
3. Price establishes a support or relative low at 0.68880.
Right now, we're seeing price breach through this daily support. Momentum seems to be picking up to the downside as we speak.
1. Price retests the previous high at 0.69895. I do not see a breach above.
2.Price makes another test and fails to close above this high.
3. Price establishes a support or relative low at 0.68880.
Right now, we're seeing price breach through this daily support. Momentum seems to be picking up to the downside as we speak.
Comment:
Here's the hourly timeframe.
Comment:
Decent hourly move into the end of week close (Friday):