NZDUSD H1 Analysis
The NZDUSD chart has rejected once more the resistance level it had already tested and rejected previously. We should see a downward trend in the short run, all the way through the support line indicated on the chart. A conservative approach (TP1) is half the target, while a more aggressive one (TP2) is placed just above the support line. The SL level is placed slightly above the resistance line; in case the price breaks it, we would see potentially more upward movement. Thus, the trade is executed as follow:
NZDUSD
SELL: 0.65500
SL: 0.66000
TP1: 0.64750
TP2: 0.64000
NZDUSD
SELL: 0.65500
SL: 0.66000
TP1: 0.64750
TP2: 0.64000
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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.