ADDITIONAL INFO: ❓ Although the High Time Frame shows a BIG PICTURE uptrend, it appears that Price Action on the Intermediate Time Frame is coming into some bearish momentum.
📉 The current technical analysis for NZDUSD appears to nearing a Supply Zone which would cause PA to become bearish.
Moving Averages: ✍️ The 20-period simple moving average (SMA) is below the 50-period SMA
✍️ The 50-period simple moving average (SMA) is below the 100-period SMA
📉 The above averages indicate a bearish trend.
🤔 The 100- and 200-period SMA, already reflect a bearish trend.
Support Levels: 🕯 A key Support Level is @ 0.5886. If NZDUSD breaks below 0.5871, it could continue to drop further to 0.5780
Resistance Levels: 🕯 A key Resistance Level is @ 0.6022. If NZDUSD breaks above 0.6050, it could continue to climb further to 0.6066
Technical Indicators: P2P INDi Pivot High @ 0.6049 Pivot High @ 0.5871
TEMASHA A break below 0.5975 could lead to further downside.
Trade ativo
NZDUSD: Curve Analysis (6H)
⚠️ This is an ALTERNATIVE Curve analysis showing the probability of PA going higher.
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