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MarcellusLUX
May 26, 2021 6:13 AM

NZD/USD sell opportunity after RBNZ induced spike Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZD/USD has spiked up after the RBNZ meeting. Market participants
reacted positively initially and hence, NZD/USD has spiked up to the resistance
level.

However, the spike may be faded very soon. Price has reached a strong resistance
level and it seems like the bulls might not be able to break it.

So, based on bearish price action, sell NZD/USD@0.7301-0.7320 with SL above
0.7350 and TP at 0.7180
Comments
emillyricci
Solid set-up. Keep them coming !
Mihai_Iacob
I m long on this one, but is great resistance there, indeed
PEAKBUL_FX
I hope that I will not miss this trade. 👊 Thank you for letting me know about the meeting. 🐮
ATSignalsFX
I have the same opinion
UnknownUnicorn7280302
This has good potential. Thanks for the idea
TomasRadek
Good analysis. This sharp impulse will be sold
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