Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on NZDUSD?

Should we expect a breakout or a rebound on NZDUSD?

Should we expect a breakout or a rebound on NZDUSD? post thumbnail image

NZDUSD is approaching a support line at 0.5893. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.

Supported by Downward sloping Moving Average

Target: 0.5893 Entry: 0.5907 Stop: 0.5915

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