Wissam.H
Short

NZD/USD - Short opportunity presents itself

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
41 0 1
An opportune time to short the Kiwi with the recent retracement that took place the last day. Heavy resistance around the 0.679 price range with a Fibo confluence to support this observation. RSI shows that general momentum is still on the bearish side.

look to enter below the previous 4H low. Note however that there is a possible support line @ 0.676 which may slow down the pair's decent, but ultimately, market sentiment should drive price action lower to the 0.668 area

Trade Safe, Trade Smart
Good Luck
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