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 the suggested resistance line (0.7063).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 38.

Take Profits:
TP1= @ 0.7032
TP2= @ 0.6999
TP3= @ 0.6962
TP4= @ 0.6922
TP5= @ 0.6883

SL: Break Above R2

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Comments

I really appreciate your work.
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ForecastCity Sophi2018
@Sophi2018, You're welcome! Thank you as well for your comment.
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Simple, clear, and detailed.
Thanks!
+2 Reply
ForecastCity Megan_forex
@Megan_forex, You're very welcome! We hope you enjoy it.
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ForecastCity Abdullahx32
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