alexkyp

NZDCAD potential SELL

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
The pair has reached monthly highs and it faced significant resistance around the 0.9245 area where there is multiple past reversal points and current bearish divergence on the 4hr timeframE.
Also is overbought for more than 300 pips and both its major pairs are overbought! So there is a lot of potential for a nice sell opportunity and swing!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.