Nice idea on NZDUSD and there may be potential gains as you have identified by going short. Currently price is approaching our 1st resistance at 0.65438, which is within the resistance zone that you have identified. It is a horizontal overlap resistance with a 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Ichimoku cloud is showing signs of bearish pressure and stochastic is also approaching our resistance and we might see a corresponding drop in price. If a corresponding drop does occur, we may take a look at the major support at 0.6429. It is a horizontal swing low support. Excited to seeing how things develop.
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Thapelo_pallance95
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@easyMarkets, nice setups and explaination as well
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