Weekly Technical Analysis Report 22 February – Bearish outlook on NZDUSD
February 22, 2023
Weekly Technical Analysis Report 22 February – Bearish outlook on NZDUSD
1. This week’s outlook on NZDUSD: Bearish outlook seen
Prices are testing a support-turned-resistance zone at 0.6250 on the H1 timeframe. A pullback to this level could provide the bearish acceleration to the next support zone at 0.6200, which coincides with the 38.2% Fibonacci extension. Stochastic RSI is in the overbought region above 80, supporting our bearish bias.
Bearish outlook on NZDUSD – 22 February 2023 by Salzworth on TradingView.com
