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JoshFX1

NZDUSD At Resistance

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
JoshFX1 Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis NZDUSD USD dollar nzdusdsell nzdusdbuy nzdusdbearish nzdusdbullish nzdusdlong nzdusdshort
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trendanalysis chartpattern waveanalysis nzdusd usd dollar nzdusdsell nzdusdbuy nzdusdbearish nzdusdbullish nzdusdlong nzdusdshort
On the daily time frame NZDUSD has reached a nice resistance. The indicators also have seemed to reach their top and are running out of steam reversing back down for a next bearish wave.
How ever its all still fresh.

If youre an early bird you could sell NZDUSD now with a 70 pip stop loss and target 0.7025

If you prefer less risk then wait for the next daily candle. If its green it will break the resistance and you can enter a buy, but if it turns red then its a confirmation of a bearish reversal and you join the sell.
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