RLinda Trading

Professional trader with more than 12 years of experience in Forex, gold and cryptocurrency markets, including work with various exchanges, brokers and market makers, a large amount of theoretical and practical knowledge. With these capabilities in mind, we offer you the best signal provider service. Best forex signals, crypto signals and accurate gold signals will allow you to become a winner in trading
R.Linda Trading - forecast

NZDUSD → Local trend change? Moving down ↓ ?

FOREX forecast
💡Ideas For NZDUSD 🇦🇺🇺🇸

📈 NZDUSD → Local trend change? Moving down ↓ ?

———————————————

NZDUSD breaks trend support amid a strong dollar. The currency pair could move to the downside if the bears hold the resistance area on their count
snapshot
On the daily timeframe, the currency pair is inside the sideways channel, but at the same time breaks the ascending support line. Thus, the market is starting to look towards 0.6084 support as an area of interest.

The US market has a day off today, so the volatility may be low, but nevertheless we have prerequisites for the beginning of the downward movement. If the bears keep the price below 0.6150-0.6140, the market may enter the phase of downward movement and head towards such targets as: 0.6083, 0.6000.

Resistance levels: 0.6140, 0.6170, 0.6215

Support levels: 0.6083, 0.6000

At the moment the market is struggling for the area of 0.6140. Consolidation below the level or the beginning of the impulse to the support will confirm that the bears are holding the market, then we will have to wait for the achievement of the goals.