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Uncle_Abe_Options
Dec 12, 2019 4:40 PM

NZDUSD Short Short

New Zealand Dollar/U.S. DollarFXCM

Description

This pair has reached a daily resistance level as well as showing bearish divergence on the OVB indicator. The news from the trade deal with China does affect the JPY, NZD and AUD however Trump is still scheduled to sign the tariffs on China and that will cause the Kiwi to drop some helping reach the take profit level.

I would love to hear your thoughts about this idea.

Disclaimer;
This is not a signal .
Please trade at your own risk using your own analysis.
Comments
aebraheem1992
Yes i think that it will drop 65200
DanishPips
I think if you hold it it could drop to 62400
doggo99
@Thomazrk, Thomas. You are a smart man. Holding for the 30-45 days.
Uncle_Abe_Options
@Thomazrk You’re right that will be a good area to look for Long position too
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