ForecastCity

💡 Don't miss the great sell opportunity in NZDUSD

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7205). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 36.

Take Profits:
TP1= @ 0.7145
TP2= @ 0.7115
TP3= @ 0.7085

SL: Break Above R2

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Comments

Very well done. Thank you for sharing this detailed analysis.
+4 Reply
ForecastCity Sophi2018
@Sophi2018, You're very welcome!
Reply
Thanks a lot for sharing.
+3 Reply
ForecastCity Megan_forex
@Megan_forex, You're very welcome!
We hope you enjoy it.
Reply
keep up the amazing job here. 👍
+1 Reply
@Kamryn, Thanks for following us 👍
Reply
It's very helpful.
+1 Reply
ForecastCity Kristalyn
@Kristalyn, Thank you for your comment. We appreciate it 🌹
Reply
Brilliant insight 👌🏻
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thank you for your comment.
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