NZD/USD created a Doji candle on Tuesday, signaling indecision in the market. A break below Doji’s low would confirm a bearish reversal. NZD/USD is currently trading largely unchanged on the day at 0.6408. The pair clocked a high and low of 0.6436 and 0.6399, respectively, on Tuesday and ended the day on a flat note at 0.6405 on Tuesday, forming a Doji candle with a long upper shadow. The Doji candle is widely considered a sign of indecision in the market. Therefore, the immediate bullish outlook stands neutralized. Acceptance below Doji’s low of 0.6399 would mean the period of indecision has ended with a victory for the bears. Put simply, it would confirm a bearish reversal and shift risk in favor of a drop to 0.6330-0.63. On the other hand, a close above 0.6436 (Tuesday’s high) is needed to revive the bullish view. Daily chart Trend: Neutral Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Binance joins Klatyn’s governance council FX Street 3 years NZD/USD created a Doji candle on Tuesday, signaling indecision in the market. A break below Doji's low would confirm a bearish reversal. NZD/USD is currently trading largely unchanged on the day at 0.6408. The pair clocked a high and low of 0.6436 and 0.6399, respectively, on Tuesday and ended the day on a flat note at 0.6405 on Tuesday, forming a Doji candle with a long upper shadow. The Doji candle is widely considered a sign of indecision in the market. Therefore, the immediate bullish outlook stands neutralized. Acceptance below Doji's low of 0.6399 would mean the period… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
