Mihai_Iacob

NzdUsd- In search of the next support (could be 0.5750)

Kort
FX:NZDUSD   Nyzeeländsk dollar/USA-dollar
After flirting with 0.6050-0.6070 zone support, exactly a week ago, NzdUsd managed to break under and at the time of writing is trading well under the psychological 0.6.
The overall structure is strongly bearish and we could probably see down continuation.
0.6050 is now resistance and, in my opinion, rallies towards 0.6 should be sold considering a stop above resistance.
As the title says, 0.5750 could be swing trader's target.

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