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NZDUSD STRONG REVERSAL BELOW 0.6883

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Charts247TradingAcademy Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Chart Patterns Wave Analysis Trend Analysis NZDUSD Technical Analysis reversal pricebehaviour nzdusdshort
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chartpattern waveanalysis trendanalysis nzdusd technicalanalysis reversal pricebehaviour nzdusdshort
The weakness in USD is clear for all to see after FOMC release on Wednesday, however, we have to spot opportunities when the market presents it.
NZDUSD broke above the daily resistance 0.6883, the price action we have seen so far suggests that price is likely to reverse if it breaks below the resistance. Word of caution, Reversal does not mean a change in trend so we will break even at the earliest possible opportunity.
SHORT: 0.6902
STOP LOSS: 0.6925
TARGET: 0.6827
Break even as soon as price trade below 0.6883.
Trade active:
Short Opened @ 0.6902
stop @0.6925
Trade closed: stop reached:
Stop taken position closed.
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