Hello Traders, welcome to the Daily Forex technical analysis
. Today is August 8th, 2019 and we will be taking a look at the New Zealand Dollar
against the United States Dollar. Looking at the 1 hour time frame we are looking for price action to reach its last area of resistance near the .649 area. If price action can reach this level of resistance and not switch bullish
to regain support we will look for an optimal entry short! Entry for a Short position near the .65062 area, with a Stop Loss near the .65495, and a target profit level area of .64081 to possibly ensure a profitable trade with a 2.27 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!