NZDUSD > Short Opportunity

OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD - Psychological Support Broken
1W > IND: 10SMA / Elliot Wave

Pair broke psychological support @ 0.70000 reaching 0.69700 setting new 5-Month low

Further decline expected toward 0.69070 / 0.68440 levels

Key resistance @ 0.70550 w/anticipated upward movement expected to be held by 0.71020 representing falling 10SMA.

* Personal analysis only. Please use your own rules and strategies prior to entering market.

** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment: R3 0.7101 R2 0.7070 R1 0.7017
S1 0.6933 S2 0.6901 S3 0.6848
Comment: Will watch for consolidation toward 0.7055 / 0.7100 levels to anticipate Sell Entry @ 0.7100 w/TP @ 0.68503


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