JamalWhyte1

Nzd/Usd: Bearish Setup

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
After the tight squeeze on lower time frames of price and finally the break of its most recent low we can see that "Nzd/Usd" has broken out to the downside, this trade was executed due to the break of Wednesdays daily candle a simple 2 bar setup. We have major resistance at "0.7300" while price is under traders should look to go short on any sign of strength, support and target "0.7000"