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FOREXN1
Aug 5, 2022 9:44 AM

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

New Zealand Dollar/U.S. DollarFXCM

Description

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.

Comment

Comments
HAMED_AZ
thank you for sharing
FOREXN1
@HAMED_AZ, Welcome !
Solldy
Very interesting publication, bro! I wonder what assets you trade most often?
FOREXN1
@Solldy, everyone
VasilyTrader
Noted, thank you!
FOREXN1
@VasilyTrader, Cheers!
AtlasTrades
good one NZD/USD idea ! I agree with all what you wrote
FOREXN1
@AtlasTrades, I appreciate !
YMGroup
Great nzd analysis as usual :) thanks and I think price will go lower
FOREXN1
@YMGroup, THanks !
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