NZD/USD reversed from resistance zone

NZD/USD reversed from resistance zone

  • NZD/USD reversed from resistance zone
  • Next sell target - 0.7130

NZD/USD continues to fall sharply after the earlier downward reversal from the resistance zone lying between the key resistance level 0.7370, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward ABC correction (2) from July. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. NZD/USD is expected to fall to the next sell target at the next support level 0.7130 (low of the previous correction (2)).



Bitcoin (BTC/USD) opening the doors for a lower extension

As we had anticipated in previous reports, Bitcoin has finally made a break of the important level of support at 12,852 and is now on track to reach the Fibonacci level of 0% at 10,680, which could mean a bearish continuation that will allow to…


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