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jamstock

NZDUSD short after pullback to resistance

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
jamstock Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
NZDUSD has pulled back to a weekly resistance level and has printed a long tailed bearish rejection candle.

This indicates that price will probably continue lower in the context of the existing downtrend.

Entry 0.6793
SL above 0.6848
Comment:
Entry order was filled and now heading down. Ultimately targeting 0.641
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