ForecastCity_EU

Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6450). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.

Take Profits:
TP1= @ 0.6330
TP2= @ 0.6255
TP3= @ 0.6205

SL: Break Above R2
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Comments

Thanks, I will focus on this one too.
Reply
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