FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Afternoon traders,

Looking to enter a short trade on New Zealand Dollar versus US dollar after the pair have failed on numerous occasions to breach resistance just under 1.06.

Add to this that the pair is extremely overbought on stochastic and the price patterns pointing to a move lower as per out trading view charts.

Clean simple trade with a the ability to trade with a very tight stop loss just north of resistance and look for a retest of March lows around 1.03

Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.

Good luck trading

from the Team at forexTrdr

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May 29
Trade active: take profit 1 hit
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