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Madtradex

NZD/USD Expecting to move down

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Madtradex  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Forex forexsignals forextrading forexanalysis forextradingzones Divergence forex_signals NZDUSD
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trendanalysis chartpattern indicator forex forexsignals forextrading forexanalysis forextradingzones divergence forex_signals nzdusd
Yo Traders,

The price has now touched the weekly resistance and price is making rejections at this level.

On the 4HR TF you can also see divergence on the RSI. With this multiple confluence i am expecting the price to move down to the next support level.

With positive news on vaccine i am expecting USD to be strong in the mid term.

Lets wait and watch

Thanks
madtradex
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