NZD/USD: The market breached the monthly Broadening formation

Tian Kriek

Analyst


August 21, 2018 06:26 AM

BEARISH

Daily Trading Range: 42
NZD/USD: The market breached the monthly Broadening formation support line to the downside and is now heading bearish to the Daily D at 0.6457. I expect a bullish reaction at around 0.6450

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7150
Resistance 2: 0.7440
Resistance 1: 0.7500
Current Price 0.6658
Support 1: 0.6000
Support 2: 0.6200
Support 3: 0.6450

Two Hour Chart

Two Hour Chart

Other Currency Pairs

AUD/USD

Daily Trading Range: 50

BEARISH

EUR/USD

Daily Trading Range: 65

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USDX

Daily Trading Range: N/A

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Additional Currency Pairs