ech33

NZD USD - BEARISH TREND REMAIN

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
In terms of monthly, it`s clear evident that the momentum remain bearish towards a potential 0.6750.
However last 2 weeks ago - a retracement bullish from 0.7200 towards 0.7325 occurs before the present downward movement.

I`ll wait for this week to close below 0.7250 for a sell entry towards the mentioned TP with a SL around 0.7375.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.