ForecastCity
Short

Don't miss the great sell opportunity in NZDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6450). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 17.

Take Profits:
TP1= @ 0.6330
TP2= @ 0.6255
TP3= @ 0.6205

SL: Break Above R2
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Comments

A bunch of good information. Thanks!
+3 Reply
@sara-kian, You're welcome.
+1 Reply
Thoughtful analysis, well done!
+3 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, Thanks for your nice comment.
+1 Reply
I think it's a great sell opportunity in NZDUSD. I liked your chart and TA. thanks
+3 Reply
@fxniki, Thanks for sharing your opinion about it.
+3 Reply
Keep This on my Radar This Week, Thanks a lot!
+2 Reply
ForecastCity Alexander_007
@Alexander_007, please don't mention it. we hope you gain maximum profit.
+1 Reply
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