NZD/USD: The Probability remains Bearish on the Weekly chart as

Tian Kriek

Analyst


October 23, 2020 06:57 AM

BEARISH

Daily Trading Range:
NZD/USD: The Probability remains Bearish on the Weekly chart as price is still retracing to the Fibonacci .382 at 0.6330. On the Daily chart I can see that the counter trend line was broken to the downside, but the current daily candlestick moved back up above the broken counter trend line suggesting that the break to the downside was false. Wait for the current daily candlestick to close to confirm the Probability on the Daily chart. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-ny-workspaces-22-oct/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.7150
Resistance 2: 0.7440
Resistance 1: 0.7500
Current Price 0.6696
Support 1: 0.6400
Support 2: 0.6200
Support 3: 0.6000

Two Hour Chart

Two Hour Chart
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