A push Tuesday down through the .7505/00 support area reinforces negative pressures into this week and the weekly Gravestone Doji pattern continues to question the Double Bottom.
We look for further erosion, but only below .7371 signals a shift back to a broader range theme.
- The prob below the trend line aims for .7430/20, maybe .7385, which we would look to try to hold.
- But above .7512 aims for .7568, maybe .7594, which we would look to try to cap.
A taster of the report above. To view the full NZDUSD report with screencasts, levels and more, click here
Remember, for a FREE trial of our FX and all other reports, sign up by clicking here
2 Hour NZDUSD Chart
Weekly NZDUSD Chart