ThreeCAnalysis

NZDUSD - Bearish and Sell .6437 Rally

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Despite Tuesday closing little changed yesterday's signals pointed just cautiously lower. This outlook was proven correct as sentiment gave up this week's initial gains via a lower daily high & low with losses of just over 1 Big Fig. As such, signals for Thursday remain bearish and the call is to sell at the open and then at Wednesday's low at .6437 with a stop loss at yesterday's London high at .6470. Targets are to Monday's low at .6384, the 200 DMA at .6324 or even the Jun 2 bottom at .6263.

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.