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KaltoireCapital

NZD/USD Price Outlook: Sell from Resistance Level

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
KaltoireCapital  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators NZDUSD nzdusdshort nzdusdtrade nzdusdanalysis nzdusdlong nzdusddaily nzdusdsell nzdusdbreakout
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trendanalysis chartpattern indicator nzdusd nzdusdshort nzdusdtrade nzdusdanalysis nzdusdlong nzdusddaily nzdusdsell nzdusdbreakout
Weak USD has led to a rally in NZD/USD and it has reached the resistance level. However, I expect the price to drop very soon. I will be putting sell in NZD/USD between 0.6510 to 0.66 area with Stop losses above the weekly resistance at 0.67.
I am looking at the 0.63 area as the first target for the sells.
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