UnknownUnicorn3249870

NZD/USD back at key resistance

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Good morning traders,
hopefully today we have more exciting day ahead of us, yesterday was kind a boring :)

We are starting our day by looking at NZD/USD on 4H chart. Price is approaching key resistance again. This Horizontal resistance line has been tested multiple times and bulls have not been able to break it yet. MACD shows us momentum is getting weaker Stochastic indicates that price is entering overbought area.

Last week we had very good results with this pair, hopefully you were able to get some pips out of our idea. If not then , this might be your chance again.

Let us know in comments if you agree or disagree with our idea and check out our Telegram channel that we have opened recently. (link in profile description)

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Good luck !
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