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KaltoireCapital

NZD/USD Big Sell, TP 400 pips, low risk set-up

Short
New Zealand Dollar / U.S. Dollar (OANDA:NZDUSD)  
KaltoireCapital Updated   
OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis NZDUSD nzdusdshort nzdusdlong nzdusdtrade nzdusdanalysis nzdusddaily nzdusdsell
128
53
trendanalysis chartpattern beyondta nzdusd nzdusdshort nzdusdlong nzdusdtrade nzdusdanalysis nzdusddaily nzdusdsell
In the weekly chart, NZD/USD is unable to break the 100week Exponential Moving Average.
The down trend line is also stopping the Bulls from pushing the price higher.

It looks like the bears will step in very soon and push the price lower. Selling between 0.6460-.6580 is a good idea with initial target at 0.6150.
SL can be placed above the resistance area.

Comment:
Short trade developing nicely

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