NZD/USD: There is a down AB Boundary on the weekly chart and

Tian Kriek

Analyst


June 5, 2020 09:37 AM

BEARISH

Daily Trading Range:
NZD/USD: There is a down AB Boundary on the weekly chart and price is retracing inside the down AB Boundary. The Probability is Bullish and next resistance will be at 0.6700 which is a round number. The Fibonacci D extension has been hit on the Daily, suggesting that price is overbought. I shall wait for a retracement, a new UP AB Boundary and then look for a buy trade. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-london-workspaces_29/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7150
Resistance 2: 0.7440
Resistance 1: 0.7500
Current Price 0.6524
Support 1: 0.6400
Support 2: 0.6200
Support 3: 0.6000

Two Hour Chart

Two Hour Chart
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