NZDUSD Forex Analysis - Downtrend Continuation Below 0.6000

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the NZDUSD daily and 15-minute charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the NZDUSD daily and 15-minute charts.

Price closed below the 0.6022 daily support level yesterday.

0.6022-24 the daily resistance level, last week’s low, and 62% fib retracement level.

Watching for price to retest and fail at this intraday resistance area for a further decline.

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Technical Outlook on USD/JPY, NZD/USD, GOLD

Technical Outlook on USD/JPY, NZD/USD, GOLD

USD/JPY jumps to 160 as rate hike bets strengthen and US-Iran military attacks resume. NZD/USD tests key support as RBNZ expected to increase rates again. Gold gives up gains as geopolitical risks and Fed rate hike outlook favor the dollar.
XM Group | 4 days ago