NZD/USD: Price reject Resistance and 50% Fibo for a SHORT setup

Short

New Zealand Dollar / U.S. Dollar (FX:NZDUSD)

Updated

FX:NZDUSD New Zealand Dollar / U.S. Dollar

Trend Analysis Chart Patterns Fundamental Analysis NZDUSD NZD

trendanalysis chartpattern fundamental nzdusd nzd

The NZD/USD in the last 2 days sticks around the area 0.6300 / 0.6350 where the confluences of the dynamic resistance by the Bearish channel and the 50% Fibo Area show to currency pair a Wall to not go over. Divergence and Red forecast in Stochastic and Ichimoku are clues for our Idea, Short.

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