NZD hits long time resistance level Short

FX:NZDUSD240

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Dec 22, 2015 3:27 AM

Looking for this resistance level to hold and push further downward close to the previous support

NZDUSD nzdusdshort

Comments

codekid

⋅ Dec 22, 2015 10:25 PM

Main lesson here is that the stop was too tight

raegenius

⋅ Dec 22, 2015 4:21 AM

That point is also trend line resistance from July, and also the 23.6% retracement area from the downtrend starting in July, so good area to look out for price reactions.