NZD/USD Bearish Slope Marks the Downtrend

Nenad Kerkez Top-XE

The NZD/USD, popular "Kiwi" is in a zig-zag downtrend aiming for D L5/ W L5 camarilla levels. The POC zone 0.7285-0,7305 (D H4, 61.8, bearish order block, channel top) could reject the price should it retrace within the zone. Targets are 0.7187 and 0.7147. Also, watch for 38.2 X cross - 0.7255 that could also reject the price towards D L5 and W L5.

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Daily Camarilla Pivot (Daily Support)
D L4 – Daily H4 Camarilla (Very Strong Daily Support)
POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

Author

Nenad Kerkez

Top-XE

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