NZD/USD Price Analysis: Bears eye a downside continuation

NZD/USD daily bears are in the market below key levels.
NZD/USD has broken structure and bears now eye lower lows.

Ross J Burland FXStreet

NZD/USD bears are in the market and breaking structures with eyes on lower lows for the days ahead as the following analysis will illustrate. The bulls are gathered, however, and a correction could be on the cards in the meanwhile.

NZD/USD daily charts

We have the price coming up towards the 0.6080s which could prove to be a tough resistance area. 0.6112 would prove to be key after there. If bulls commit, then a move toward 0.6180s could be on the cards.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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