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UmarAbdurRehman

FX-Spot NZD/USD Medium Term Trade idea

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
UmarAbdurRehman  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Fibonacci Trend Lines nzdusdshort nzdusdtrade nzdusdsell
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trendanalysis fibonacci trendline nzdusdshort nzdusdtrade nzdusdsell
NZD/USD has extended losses following divergence on daily time frame, It just retested its multi-month bullish channel, scope is there for a short lived bounce and thereafter a deeper retreat towards my projected 100% area at 0.7003 area. Strategy is to short on a bounce for a target to 0.7003 over coming days, stop above 0.7347
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