FxWirePro
Short

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

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
266 3 6
a year ago
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
11 months ago
Trade closed: target reached
GoodLuckbabe
11 months ago
love your ideas and this is my views on this on different time frames
Reply
GoodLuckbabe GoodLuckbabe
11 months ago
SHORT
Reply
GoodLuckbabe GoodLuckbabe
11 months ago
BEARS CAN COME HERE AS MULTIPLE BEAR FACTORS PLAYING
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out