DocCDS

NZD/USD time to sell

Short
DocCDS Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
hello guys here's a new idea on the NZD/USD exchange rate. First, we're approaching the 200dma which will act as a resistance level, secondly, we are in a spot where support turns into resistance giving us the possibility to short the NZ$. The first target is at 0.66385 then we can go for a retest of the 0.65722 level. Lastly, the COT suggests a bearish approach.
best regards,
docCDS
Comment:
rising wedge more bearish indication
Comment:
TP1 reached

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