NZDUSD D: BEARISH PRESSURE BELOW 0.6216 TARGET 0.6081.
NZDUSD rebounded from May Low (0.6216), but rejected around 0.6568 then broke down below 0.6340 and retest May Low again.
As I said at previous idea:
"Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216."
Now, Bearish pressure is on again. Break & Hold Below 0.6216, Potential Target 0.6081.
But, Failing Hold Below 0.6216, then NZDUSD could rebound, and Potentially Retest 0.6568.
If rebound continue, Break Above 0.6568 would Cancel Bearish Outlook.
As I said at previous idea:
"Even though oversold and vulnerable for short term rebound, anyway, Break & Hold Below 0.6340 still in downtrend, Next Potential Target 0.6216."
Now, Bearish pressure is on again. Break & Hold Below 0.6216, Potential Target 0.6081.
But, Failing Hold Below 0.6216, then NZDUSD could rebound, and Potentially Retest 0.6568.
If rebound continue, Break Above 0.6568 would Cancel Bearish Outlook.
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