NRicciardi

Daily NZD/USD Short?

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
3
I can see many confluences giving me a bias to the downside. Here is my reasoning:

- Rejected @ 50% Fib Zone
- 200 EMA Acting as Resistance
- Monthly Support turning into Resistance
- 20/50 EMA rejected price
- Broke CTL Trendline + Weekly Support
- ABCD Play

Thank you and good luck.
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.