Strong resistance for NZD/USD at 0.69, good to sell rallies

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
266 3 6
NZD follows AUD lower, NZD/USD             upside faltered at 0.6883, pair now pressing 0.6850 around 0.3% down intraday.

200-DMA             at 0.6846 is immediate support, holding downside for now, low thus far 0.6847, breach below 200-DMA             eyes 0.6825 area 28 Dec lows.

0.6897 (Oct 15 highs) is strong resistance on the upside ahead of 0.6890 (rising trendline )

An added element of profit taking seen into year-end after kiwi's 4.5% Dec rally, another negative for the pair.

Techs on 4-hourlies point further downside:

-Stochs have rolled over from overbought zone
-RSI has edged lower from over 70 levels
-MACD line has crossed below the signal line

We would sell NZD/USD             rallies around 0.6870, SL: 0.6910, TP1: 0.6825, TP2: 0.68
Trade closed: target reached
love your ideas and this is my views on this on different time frames
GoodLuckbabe GoodLuckbabe
GoodLuckbabe GoodLuckbabe
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