NZDUSD D: BEARISH PRESSURE BELOW 0.6216 TARGET 0.6081.
NZDUSD rebounded from May Low (0.6216), but rejected around 0.6568 then broke down below 0.6340 and retest May Low again.
As I said at previous idea:
"Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216."
Now, Bearish pressure is on again. Break & Hold Below 0.6216, Potential Target 0.6081.
But, Failing Hold Below 0.6216, then NZDUSD could rebound, and Potentially Retest 0.6568.
If rebound continue, Break Above 0.6568 would Cancel Bearish Outlook.
"Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216."
Now, Bearish pressure is on again. Break & Hold Below 0.6216, Potential Target 0.6081.
But, Failing Hold Below 0.6216, then NZDUSD could rebound, and Potentially Retest 0.6568.
If rebound continue, Break Above 0.6568 would Cancel Bearish Outlook.
