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HomeContributorsTechnical AnalysisNZD/USD Breakdown Needs Confirmation

NZD/USD Breakdown Needs Confirmation

MultiBank Exchange Group
By MultiBank Exchange Group

Price managed to break below the 23.6% retracement level and below the 0.7375 static support (support turned into resistance). Has increased today and could come back to retest the broken levels, will drop towards the fourth warning line (wl4) if will stabilize below these obstacles.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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