Get started
AnasRathore

NZDUSD: Looks Bearish for Short Term

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
AnasRathore  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns
5
0
trendanalysis chartpattern
NZDUSD made new high yesterday and since then it is falling. Price has broken below the tenkan sen and Kijun sen line on the 4hr chart and can target the cloud where the trend line support also lies. Breaking below the trend line support can push it towards 0.7200. But for now we can sell the pair and target the cloud support.
Recommendations: Short with stop above yesterday's highs and target 0.73800.
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.