Tickmill
Short

NZDUSD hovering above major support, watch for a bearish break!

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar

NZDUSD             is hovering nicely above major support at 0.7276 ( Fibonacci retracement , horizontal swing low support) and a break of this level could trigger a mega drop towards 0.7184 support ( Fibonacci retracement , horizontal overlap support). It is important to wait for the candlestick to at least close below our 1st support level to potentially trigger the sell-off.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
you are very knowledgeable
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It seems going up now... should we still hold?
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