In the past two weeks, NzdUsd has risen from the recent low at 0.6060 to a high just under 0.63. This, however, is only a correction to the major overall downtrend and the pair looks ready to resume its down move.
0.62 zone is confluence support given by horizontal and rising short-term trend line levels, and a break under would confirm my outlook.
I'm looking to sell this pair on confirmation with a 0.6 zone target
0.62 zone is confluence support given by horizontal and rising short-term trend line levels, and a break under would confirm my outlook.
I'm looking to sell this pair on confirmation with a 0.6 zone target
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