NZD/USD: The Probability is bearish however, the market is at a

Tian Kriek

Analyst


May 21, 2019 03:43 AM

BEARISH

Daily Trading Range:
NZD/USD: The Probability is bearish however, the market is at a low price and can at any time make a u-turn for a deeper retracement on the Daily Fibs. The US-CHINA trade war will affect the NZD basket in a negative way as China is the largest trading partner of the NZD economy

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7150
Resistance 2: 0.7440
Resistance 1: 0.7500
Current Price 0.6504
Support 1: 0.6400
Support 2: 0.6200
Support 3: 0.6000

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?