NZDSEK: Sell opportunity within the 1W Channel Down.
The pair is trading within a 1W Channel Down (RSI = 47.865, MACD = -0.019, Highs/Lows = 0.0000) since March and the neutral technical indicators suggest that the price made a Lower High within the Channel and is preparing for the next bearish leg towards a new Lower Low.
On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D MA200. We have 6.0100 - 6.0500 as the Target Zone.
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On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D MA200. We have 6.0100 - 6.0500 as the Target Zone.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial