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ForecastCity
Aug 7, 2020 3:26 PM

Don't miss the great sell opportunity in NZDUSD Short

New Zealand Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.664). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NZDUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.

Take Profits:
TP1= @ 0.6605
TP2= @ 0.6585
TP3= @ 0.6560
TP4= @ 0.6531
TP5= @ 0.6502

SL: Break Above R2

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Comments
Kristalyn
THANK YOU
ForecastCity
@Kristalyn, We're happy to help! 💙
Josef_anderson
Very helpful
ForecastCity
@Josef_anderson, Thank you for your comment.
Forecast_Crypto
great
ForecastCity
@Forecast_Crypto, Thank you!
Pro_Trader_007
Your analysis is very accurate.
ForecastCity
@Pro_Trader_007, We appreciate your comment.🙏
Kamryn
good job
ForecastCity
@Kamryn, Thank you for your comment.
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