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NZDUSDDailyBearish

NZDUSD daily (SMC): sell from 0.5615–0.5645

FXFibo editorial · · 1 min read
Summary

A bearish daily CHoCH at 0.5580 turned the structure bearish, with a low at 0.5528. The current correction is heading into the bearish order block.

BiasBearishEntry zone0.5630Stop loss0.5665Target 10.5528Target 20.5500StatusActive
Invalidation: Daily close above 0.5658
NZDUSD daily (SMC): sell from 0.5615–0.5645

Main scenario

  • Structure: bearish CHoCH at 0.5580 and a low at 0.5528
  • Sell zone: order block at 0.5582–0.5646 (premium part 0.5615–0.5645)
  • Targets: 0.5528 and 0.5500

Alternative scenario

Holding above 0.5658 invalidates the bearish view and targets the 0.5637–0.5677 FVG and 0.5710.

Key levels

  • Resistance: 0.5620, 0.5646, 0.5658
  • Support: 0.5574, 0.5528, 0.5500

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.