Chart Of The Day – NZD/USD

  


For the “chart of the day,” the NZD has been my focus, and on Nov. 22, we noted how the looked .

The NZD/USD pair sold off about 2.5%, reaching a very key level of support yesterday which bears should take note of. The highs in July 2019 and September 2020 were tested yesterday and respected.

This has created a possible false breakdown after fresh 2021 lows. Bears should take note of this development, especially if we move back above the .6860 level.

NZD/USD Daily Chart
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

See also  Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Read more here