TDRKLZ1

NZDUSD- Swing Trade (Short Idea)

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Weekly - Bearish
Daily - Bearish with retracement.

Confluences
  • Failed to break previous above previous structure.
  • Applied Fibonacci and sharply rejected the 0.786 level
  • Correlates with the DXY and so when the dollar goes up any currency pairs against the dollar will go down.

    Let me know what you see in the comments below?

    Trade safely!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.