Cabana Capitals Blog Technical Analysis NZDUSD – getting close to resistance of a Triangle

NZDUSD – getting close to resistance of a Triangle

NZDUSD – getting close to resistance of a Triangle post thumbnail image

NZDUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If NZDUSD continues in its current trajectory, we could see it reach 0.6033 within the next 2 days.

Supported by RSI below 40

Target: 0.6033 Entry: 0.6019 Stop: 0.6

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post