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This is the best area to sell NZDUSD

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Similar to AUDUSD , NZD also managed to pull of a remarkable recovery within a span of few weeks. However, it's not out of trouble. In the daily chart , it's way below the 100D EMA despite the recent gains which indicate the trend is still bearish .

So, the best area to sell NZDUSD , in my opinion, is 0.6100-0.6240.

0.62 was a very strongly Support previous which can now act as strong resistance to limit any upside.

Comments

Thankyou, Graet analysis prof.
+1 Reply
TraderAvDM bosholdings
@bosholdings, Thanks Chris
Reply
You do it again...awesome analysis
+1 Reply
TraderAvDM Troy_mlamuli
@Troy_mlamuli, Glad you found it helpful
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great stuff as always. i have a similar bias
+1 Reply
TraderAvDM TradewithDann
@TradewithDann, That's great. Let's wait for the most opportune moment to sell
Reply
many thanks my friend
+1 Reply
TraderAvDM riskyanuegrah
@riskyanuegrah, You're welcome buddy
Reply
You are number one
+1 Reply
TraderAvDM Tavallaeim
@Tavallaeim, Haa haa Thanks
Reply
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