Cabana Capitals Blog Technical Analysis A potential bearish movement on NZDUSD

A potential bearish movement on NZDUSD

A potential bearish movement on NZDUSD post thumbnail image

NZDUSD is moving towards a key support level at 0.5951. NZDUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?

Supported by Downward sloping Moving Average

Target: 0.5951 Entry: 0.5974 Stop: 0.5984

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