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Pepperstone
Mar 25, 2019 8:59 AM

NZDUSD approaching resistance, potential drop!  Short

New Zealand Dollar/U.S. DollarFXCM

Description

NZDUSD is approaching our first resistance where we might be seeing a drop to our first support level. Stochastic is also approaching resistance where we might see a corresponding drop in price.

Comment

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Comments
Eren_Jaeger_Trader
Hi i like the idea, i believe it takes out most the stops for the long though. Majority retail sentiment is short on trading view/ retail broker sentiment. Fundamentals for NZD have strengthened too, i think a breakout is near now for the upside
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