NZDUSD Analysis June 20, 2021

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
On the weekly timeframe we are approaching a level of support based on previous highs and lows. You can see that price last week formed a bearish candle with no wick so we are expecting further downside movement.
On the H4 timeframe we can see that price is overextended and heading to the downside. We have a support level at 0.69000 area and will continue to take shorts until this area is reached. We will look for intraday positions on the lower timeframe while price is this over extended. If we pull back to 0.7000 area then we will look for swing trades as that would be a perfect area for a LH